Sanmit Infra Limited, a company whose shares gave multibagger returns to its shareholders has declared a stock split. Further, it has fixed the record date for the same. It is a small-cap company that is engaged in the business of bio-medical and other waste management, infra and real estate development, and trading in petroleum products.
The company in an exchange filing to the bourses said that it has fixed Monday, 31st October 2022 as the record date to ascertain the names of shareholders entitled to the sub-division/split of its equity shares.
The shares currently have a face value of ₹ 10 each and they will be divided into ten shares with a face value of ₹ 1 each. This sub-division of its shares is subject to the approval of its shareholders.
In the past year, its shares have given multibagger returns of 179.19%. Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company a year ago, the value of their holdings would have been ₹ 2.8 lakhs today!
Sanmit Infra’s shares have given multibagger returns of a whopping 6447.62% in the past five years. Therefore, if an investor would have invested ₹ 1 lakh in the shares of the company five years ago, the value of their holdings would have been ₹ 65.48 lakhs today!
Written By – Simran Bafna
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