Commercial services company Sarthak Industries Ltd has announced a bonus issue in the ratio of 1:3. Its shares closed at ₹ 176.55 apiece on Wednesday on the Bombay Stock Exchange (BSE). It has given multibagger returns of 2867.23% in the past five years.
Sarthak Industries Ltd is a small-cap company that manufactures and repairs LPG Cylinders. In addition, it is involved in merchant trading of agri-commodities, mining and mineral-based industry on an opportunity basis.
The company on December 05, 2022, informed the exchanges that its board has fixed Friday, 16th December 2022 as the record date for a bonus issue. However, this date was later changed to Tuesday, December 20, 2022.
The company will issue one new equity bonus share of ₹ 10 each for every three existing fully paid shares of ₹ 10 each held by its shareholders. It will hold an extraordinary general meeting (EGM) to receive shareholders’ approval on Saturday, December 10, 2022.
Sarthak Industries has given multibagger returns of 2867.23% since its listing on March 01, 2018, as its share price rallied from ₹ 5.95 to ₹ 176.55. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares at the time of its listing, the value of their holdings would have been ₹ 29.67 lakhs today!
Written by Simran Bafna
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