EKI Energy Services Limited has fixed 1st July 2022 as the record date for the issue of bonus shares. The board of directors had considered and approved the recommendation for a bonus issue of three equity shares for every one share held. 

The company in the exchange filing informed that “The Board of Directors fixed Friday, July 1, 2022, as the Record Date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the proportion of three Equity Share of Rs. 10/- each for every One existing Equity Shares of Rs. 10/- each”. 

The 3:1 bonus issue was approved in accordance with the approval of shareholders which has been obtained through a Postal Ballot on Friday, June 17, 2022. 

The multibagger stock has given a return of approximately 921.31% within a span of one year, scaling up from ₹635 on 23rd June 2021 to ₹6495 as of 23rd June 2022. The stock got listed in April 2021 at ₹162 per share. From then it shot up by more than 7586% to reach its 52-week high of ₹12,599.95 on January 21st 2022. However, the shares are down by 38.60% Year-To-Date (YTD). 

EKI Energy is a multinational service provider in the energy sector and a carbon credit solution provider. The capital goods company has a market capitalisation of Rs 4,464 Crores making it a small-cap company. 

In FY22, the company reported a 1951% jump in standalone net profit to Rs 383.36 Cr which was backed by higher revenues. It posted a net profit of Rs 18.69 Cr in the fiscal ended March 2021. 

Written By – Anoushka Roy

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