Small Cap Textiles Stock Recommends 1:5 Stock Split & Rs 2.50/Share Dividend, Fixes Record Date

Cantabil Retail India Limited, a Small Cap Textile Company, in a Board meeting held on Saturday, Aug 12, approved stock split/Sub-Division of equity share a stock split, with each equity share of Rs 10 being subdivided into five equity shares of Rs. 2, reflecting a 1:5 ratio. In addition, the Board Recommended a final dividend of Rs 2.50/share for the financial year 2022-23.

The Company's Board has also fixed record dates for both, stock-split and dividend.

Stock Split: The Board of Directors of the company in a filing to stock exchanges said, "The proposal of Stock Split/ Sub-Division of every 1 (one) equity share of the Nominal/Face value of Rs. 10/- (Rupees Ten Only) each into 5 (Five) equity shares of the Nominal/Face value of Rs. 2/- (Rupees Two Only) each. Record date for the purpose of Stock Split/ Sub-Division is 20th October, 2023."

Final Dividend : The Board of Directors of the company in a stock exchange said, "Recommendation of Final Dividend of Rs. 2.50/- (Rupees Two and Fifty Paisa Only) Per Share for the Financial Year 2022-23. The record date for the purpose of payment of final dividend is 15th September, 2023."

On Friday, the shares jumped 13.06% in 1 week, 5.19% in 1 month, and 11.58% in 3 months, respectively. It has fallen 16.64% in 1 year. In 2 and 3 years, it jumped 178.81% and 242.34%, respectively. In 5 years, it gained 804.56%.

Its 52-week high as on Sept 09, 2022, is Rs 1595 per share and its 52-week low as on Mar 29, 2023, is Rs 800.50 per share. The market cap of the company is Rs 1,764.93 Crore.

Disclaimer- The stock just highlights the Final Dividend & Stock Split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.