Subsidiary of Optimus Finance Ltd To Consider Stock Split Soon, Shares Down Over 4%

Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara based non-banking finance company registered by the Reserve Bank of India. MIL was incorporated under the Companies Act, 2013. The company has a market capitalization of Rs 286 crore. The board of directors of the company has announced that they will meet on August 18 to consider stock split. Check details below for the same:

1. Maximus International Limited To Meet On August 18 To Consider Stock Split

The board of directors of the company in their BSE filing mentioned, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 18" August, 2022, inter-alia, to consider a proposal for sub-division of the Equity shares of the Companyhavinga face value of %10/- each, in such manner as may be determined by the Board of Directors, subject to regulatory/statutory approvals as may be required and the approvalof the shareholders of the Company."

2. Maximus International Limited Stock Outlook

The stock of the company fell 4.52% to close at 228.10 at the close of trade on July 29, 2022. The 52-week high of the stock is 263 apiece and 52-week low is 85 apiece. The company has registered surging cash flow and cash from operating activity.

Multibagger Returns: The stock has given returns of 1605% in last 5 years, 427% in last 3 years, 132% in last 1 year, and 126% in last three months.

3. About Maximus International Limited

MIL is engaged in importing, trading and exporting a wide range of products in various quantities and specifications to meet the variegated requirements of its clients for whom it acts as a Resource/Intermediate Company. It has established a sound and sophisticated infrastructure in Vadodara, with an office at the prime business hub equipped with various departments that help carry out business related activities in a proper manner.