For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

2 Upcoming Board Meetings For Stock Split And 1 For Interim Dividend

|

Board meetings at Indian companies are a regular event to decide on various agendas including fund-raising, capital reduction, ESOPs and other corporate actions. So, here we list 3 upcoming board meetings that may be of interest to you, if you happen to be a shareholder in them.

 

JBM Auto:

JBM Auto:

On November 19, the company informed that a company's Board meet is scheduled to take place on December 8 to consider and approve the proposal of sub-division of Company''s equity shares having face value of Rs. 5/- each to a lower denomination. In a stock split, the company divides its existing shares into several shares to boost liquidity.

JBM Auto is a small cap auto ancillary firm with m-cap of Rs. 5333 crore. The company is into manufacturing tools, moulds etc. 3 major segments of the company are sheet metal division, tool room division and SPV division. Sheet metal division manufactures sheet metal components, assemblies, sub-assemblies, while the SPV segment assembles as well as fabricates the body of heavy vehicles.

Since the announcement of the board meeting, the scrip of JBM Auto has been rallying and in trade today hit a fresh 52-week high of Rs. 1168.6, gaining 12 percent intra-day. On a YTD basis, the stock has gained 305 percent.

Greenlam Industries:
 

Greenlam Industries:

The laminates manufacturing firm Greenlam on November 25, 2021in a BSE filing told that the meet of the Board of Directors will happen on December 13 for considering and approving "the proposal the proposal to sub-divide/split the face value of equity shares of the Company from face value of Rs. 5/- per share to face value of Re. 1 per share or in such manner as may be determined by the Board of Directors of the Company and consequential alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company, subject to the approval of Shareholders of the Company and such other approvals as may be required".

Greenlam Industries is another small cap company with m-cap of Rs. 3530 crore. The company's main product line includes greenlam laminates, compact laminates, green glass laminates, green touch laminates, switch board panels, marker and chalk grade laminates among others. The stock has been trading weak in line with overall market trend after hitting day's high price of Rs. 1540.

Hindustan Zinc:

Hindustan Zinc:

The metals company on December 3 informed that its board will meet on December 7 to consider and approve Interim Dividend on equity shares, if any, for the Financial Year 2021-22. Further for the declared interim dividend if any, the company has set the record date for eligibility of interim dividend to be December 15, 2021.

Hindustan Zinc is large cap company from the non-ferrous metals space. The company's m-cap stands at 1,47,527 crore. The company is a good dividend paying company with dividend yield of 6.1 percent.

The company is the country's only integrated producer of zinc as well as lead. Its different grade zinc finds applications across industries including infra, real-estate, appliances. The pure lead produced by the company is used in lead acid battery, ceramic glazes, electrodes, etc. The company is also in the business vertical of wind energy, silver metal.

Disclaimer:

Disclaimer:

Herein we have just listed out 3 important board meetings scheduled in the week ahead and is not a call to invest in these listed companies or scrips.

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X