The share of this IT company gained up to 2 percent after the company announced the issuance of bonus equity shares of the company’s shareholders in the proportion of 1:3
With a market capitalization of Rs 280.72 Crores. Alphalogic Techsys Ltd, On Friday, The shares were trading at Rs 79.88 a share, an increase of 1.95 percent from the previous closing price.
Establishing Friday, December 15, 2023, as the “Record Date,” Alphalogic Techsys Ltd. intends to ascertain the eligibility of shareholders entitled to the issuance of Bonus Equity Shares of the Company in the proportion of 1:3 Equity Shares of Rs. 05 each held, as per the company filing.
A 3.3 MW cogeneration power plant and a grain-based distillery with a capacity to produce 150,000 liters of fuel-grade bioethanol per day, along with byproducts like dried distillers grain solubles (DDGS) and CO2, are being set up by Alphalogic Techsys Ltd.
Looking into the company’s performance revenue increased by 202 percent from Rs 4.14 Crore in Q2FY23 to Rs 12.51 Crore in Q2FY24. During the same period, net profit increased by 246 percent from Rs 0.52 crore to Rs 1.80 crore.
After obtaining all necessary statutory approvals, Alphalogic Techsys Ltd plans to establish a distillery plant in the Chandrapur district’s MIDC Tadali. Construction on the plant has already begun. The project is expected to change the game for your company, as the company is investing approximately 160.00 Crores to set it up.
Alphalogic Techsys Ltd is a company that offers consulting and information technology services. This specialized consulting company assists customers with their digital transformation process via Product Engineering and cloud Computing.
Written by:- Abhishek Singh
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