Small Cap Stock Trading Below Rs 60 To Transact Stock-Split Next Week; When?

Founded in 1985, Shantai Industries Limited is a textile and apparel manufacturing firm. Wheel & Axle Textiles Limited was its former name. The business exports completed clothing, textiles, and synthetic fabrics. The NSE and BSE provide information about the firm, including its stock price. The registered office of the business is situated in Surat, Gujarat. With a market valuation of Rs 7.89 Cr on the BSE, Shantai Industries' most recent trading price was Rs 52.59. Since the Board will be considering and discussing a stock split for the first time since the company's founding, the small-cap stock is probably going to be the main topic of discussion in the next meetings.

"Pursuant to the Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, we wish to inform you that meeting of Board of Directors of the Company is scheduled to be held on Thursday, 27th February, 2025 at 01.00 P.M. at the registered office of the company at 2nd Floor, Shop No.10, Agresen Point, Near Agresen Bhavan, City Light Road, City Light, Surat - 395007. Gujarat inter alia, to transact following major businesses:. 1. Increase in Authorized Share Capital of the Company; 2. Sub-Division/Split of Equity Shares of the Company pursuant to the provisions of Section 61 (1) (d) of the Companies Act, 2013; 3. Alteration of Capital Clause in the Memorandum of Association (MOA) of the Company; 4. Consider and discuss any other items as may be decided by the Board of Directors of the Company. The trading window for dealing in securities of the Company shall be closed from Wednesday, February 19, 2025 till Saturday, March 01, 2025 (both days inclusive)," said Shantai Industries in a stock exchange filing.

Recently, Shantai Industries released its financial results for the December 2024 quarter. In contrast to its net loss of Rs 0.06 crore in the year-ago quarter, which ended in December 2023, Shantai Industries recorded a net profit of Rs 0.10 crore in the quarter that concluded in December 2024. The third quarter of FY25 saw sales of Rs 8.22 crore. The same quarter of the previous fiscal year, which concluded in Q3FY24, had no sales recorded.

At 04:01 PM on February 17, 2025, Shantai Industries Ltd.'s closing price was Rs. 52.59. The most recent PB ratio of Shantai Industries Ltd as of February 17, 2025 was 0.95, while the latest PE ratio as of the same date is 27.25.