{"id":114441,"date":"2023-11-27T14:42:30","date_gmt":"2023-11-27T09:12:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114441"},"modified":"2023-11-27T15:14:13","modified_gmt":"2023-11-27T09:44:13","slug":"microcap-stock-announces-stock-split-and-bonus-issue-after-board-approval-here-are-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-announces-stock-split-and-bonus-issue-after-board-approval-here-are-the-details\/","title":{"rendered":"Microcap stock announces stock split and bonus issue after board approval; Here are the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2733376142\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Board of Directors of this micro-cap NBFC company approved a couple of corporate actions, viz, Stock Split as well as issuance of Bonus shares. During the past year, the company has delivered multibagger returns of more than 600 percent to its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3660021950\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 272.29 crores, the stocks of Standard Capital Markets Limited closed at Rs 55.57 on Friday hitting the 2 percent lower circuit as compared to the previous closing levels of Rs 56.70 apiece.&nbsp;<\/p><p>In a recent filing with the Bombay Stock Exchange (BSE), the company\u2019s Board of Directors intimated that, as per the meeting held on 24th November 2023, they have considered and approved a couple of corporate actions.&nbsp;<\/p><p>Firstly, the company\u2019s Board approved a sub-division of equity shares in the ratio of 1:10, viz, a split of one fully paid-up equity share of Face Value of Rs 10 each to ten fully paid-up equity shares of Face Value of Rs 1 each.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3530671658\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition, the company\u2019s Board, post-stock split, approved the issue of Bonus shares in the ratio of 2:1, i.e., issuance of 2 Bonus equity shares of Rs 1 each for every equity share of Rs 1 each held by the shareholders. The record date for the same is not yet decided.&nbsp;<\/p><p>Keeping a purview of a year, the company\u2019s stock has delivered multibagger returns of approximately 673 percent, viz, if someone had Rs 1 lakh into the company\u2019s stock in the month of November 2022, it would have converted to Rs 7.73 lakhs.&nbsp;<\/p><p>During the recent financial years, the company has somewhat been able to keep the basic business parameters such as operating revenues and after-tax profits at uniform levels. The former has stayed at levels of Rs 5 crores and the latter, during the same time horizon, stayed at levels of Rs 2 crores.&nbsp;<\/p><p>As per the shareholding pattern data for the quarter ended September 2023, the company\u2019s Promoters hold a 17.83 percent stake followed by the Public (retail) investors holding the remaining 82.17 percent stake in the company.&nbsp;<\/p><p>Standard Capital Markets Limited is a Non-Banking Financial Company (NBFC) based in India that is engaged in the business of financing as well as the sale\/purchase of shares. The company\u2019s category of services includes advisory services, drafting % pleading, due diligence, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani\u00a0<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3536198084\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2017298186\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of this micro-cap NBFC company approved a couple of corporate actions, viz, Stock Split as well as issuance of Bonus shares. During the past year, the company has delivered multibagger returns of more than 600 percent to its shareholders.&nbsp; With a market capitalization of Rs 272.29 crores, the stocks of Standard [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-114441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microcap stock announces stock split and bonus issue after board approval; Here are the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Board of Directors of this micro-cap NBFC company approved a couple of corporate actions, viz, Stock Split as well as issuance of Bonus shares. 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