This Penny Stock Has Announced Record Date For Stock Split: Check Details

Stocks these days are announcing their quarterly and year-ended result and alongside they are also considering important corporate actions as deemed crucial to meet the company's objectives.

Likewise, here is a penny scrip that has decided to split in face value and hence make its stock more liquid and affordable.

So, here are the details that you should note:

About the company

GG Engineering GG Engineering Limited was established on 23rd January 2006 to cater to the rising demand of quality sheet metal and heavy steel products. The company is led by Mr Vinod Beriwal and Mr Kamal Beriwal.

The company specialize in custom-built enclosure generator sets for both stationary and mobile applications. Our latest series is equipped with engines applying quantum techniques, thereby enhancing durability and stability. It also supplies industrial engines for various applications, marine engines, and spare parts for diesel genset to the local and International markets. The company inspired by the Swachh Bharat Abhiyan, launched India's first fully-automated and smart Reverse Vending Machines (RVMs) to enable environment-friendly disposal of plastic and other waste as users get rewards in return.

Stock split information and record date

G G Engineering has fixed 09 June 2022 as record date for the purpose of subdivision of nominal value of Equity share of the Company from Rs. 2 to Re. 1 per share. So, in this case, the share price of the company shall also see a change.

GG Engineering Q4 results

The company's quarterly results have been released and the revenue from operations has been maintained lower on a YoY basis. Also, the company's losses have mounted to Rs. 0.24 crore in the March ended quarter. The company is a low debt concern.

Disclaimer

The information is just on the company's stock split and finacials and is not to nudge readers to buy in the scrip.