Penny Stock Below Rs 40 Sets Record Date For Rs 1.25/Share Dividend

During Tuesday's closing session, Joindre Capital Services, a small-size financial services firm, registered a market worth of Rs 45.66 Cr. Incorporated in 1995, Joindre Capital Services is among the leaders in the field of retail broking. The Board of the company have declared a dividend of Rs 1.25 per share for FY23 and for the purpose of the record date has been announced on Tuesday.

The Board of Joindre Capital Services has recommended a dividend of Rs. 1.25 per share on a face value of Rs. 10 each for the ' financial year ended 31st March, 2023, subject to approval of the shareholders at the ensuing Annual General Meeting.

While announcing the record date the company informed stock exchanges that "The Members whose names appear in the Register of Members / list of Beneficial Owners with the NSDL, CDSL and RTA of the Company as on the cut- off date (record date) i.e. Saturday, 29th July, 2023 shall be entitled for dividend subject to the approval of the Members in 28th AGM and voting (including remote e-voting) for the AGM."

The register of members and share transfer books of the company will remain closed from Sunday, 30th July 2023 to Saturday, 05th August 2023 (both days Inclusive) for the purpose of final dividend and 28th Annual General Meeting ("AGM") of the Joindre Capital Services.

The company recorded net revenue of Rs 6.73 Cr in Q4FY23 and Rs 28.97 Cr in 12MFY23. Its net profit reached Rs 0.59 Cr in Q4FY23 and Rs 3.08 Cr in the year-ended 2023. Its EPS was Rs 0.42 in Q4FY23 and Rs 2.23 in 12MFY23.

On Tuesday, the shares of Joindre Capital Services closed on the BSE at Rs 33 apiece up by 0.76% from the previous close of Rs 32.75. The stock made a 52-week-high of Rs 44.40 on (31/10/2022) and a 52-week-low of Rs 25.00 on (21/07/2022). During Q4FY23, the promoter shareholding of the company was 63.72% and public stake was 36.29%.