Re 1/Sh Dividend, 1:10 Stock Split: Small Cap Stock Rises 171% YTD, Record Date Yet To Be Set

Small cap company operating in financial services sector, Systematix Corporate Services Ltd shares slipped 1.21% in trade today to settle at Rs 1765.35 per share on BSE. Systematix Corporate Services shares offered attractive returns of 384% in last 1-year. Today the company held its Annual General Meeting (AGM) and recommended final dividend of Re 1 per equity share and recommended 1:10 stock split. The company's market capitalisation stood at Rs 2291.47 crore.

The company had recommended final dividend and stock split on August 9, 2024. The company is yet to fix the record date for stock split and bonus share. Check details below:

Systematix Corporate Services Approves Final Dividend, Stock Split : As per the exchange filing of Systematix Corporate Services dated September 26, 2024, "this to inform that at the Annual General Meeting (AGM) of the Company held today, September 26, 2024, the Members have approved the following;

1. final Dividend of Rs. 1/- (Rupees One Only) (10%) per Equity Share of Rs. 10/- (face value) each for the financial year ended March 31, 2024."

2. sub-division/Split of 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 10 (Ten) Equity Shares having a face value of Rs. 1/- (Rupee One only) each fully paid up. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular dated July 13, 2023 is attached herewith as "Annexure - II".

Systematix Corporate Services Shares Performance: The 52-week high price of Systematix Corporate Services shares is Rs 1870.00 (as on 25/09/2024) and 52-week low price is 350.00 (as on 27/09/2023), respectively. Systematix Corporate Services shares rallied 129% in last 6-months, surged 549% in last 2-years and offered return of 3163% in last 5-years.

Systematix Corporate Financials: The company declared its consolidated net profit for the June 2024 quarter at Rs 1.74 crore as against Rs 4.42 crore reported in the corresponding quarter of last year. The company announced its consolidated total income for June 2024 quarter at Rs 30.49 crore from Rs 20.29 crore in the similar quarter of last year. Its total expenses for June 2024 quarter announced at Rs 28.13 crore as against Rs 14.76 crore declared in similar quarter of last year.

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