{"id":73282,"date":"2022-11-15T11:52:00","date_gmt":"2022-11-15T06:22:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73282"},"modified":"2022-11-15T11:48:05","modified_gmt":"2022-11-15T06:18:05","slug":"multibagger-smallcap-stock-sets-record-date-for-stock-split-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-sets-record-date-for-stock-split-check-the-details\/","title":{"rendered":"Multibagger Smallcap stock sets record date for stock split; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3838165692\"><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>Mafatlal Industries is a small-cap company that operates in the textile industry. It has been in existence for 117 years. It has given multibagger returns in the past six months and its board has announced a stock split.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2092687945\"><!-- 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>The board of directors of the company has fixed Friday, November 25, 2022, as the record date for determining the eligibility of shareholders, with regard to the subdivision (split) of existing equity shares. To be eligible for the stock split, shareholders will have to buy the shares before the ex-date so that they get credited to their account by the record date.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAFATLAIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mafatlal Industries<\/a><\/strong>&#8216; existing equity shares have a face value of \u20b9 10 each (fully paid up). Each of these shares will be split sub-divided into five shares of \u20b9 2 each (fully paid-up). The shareholders had approved the split by voting through postal ballot by way of electronic means on 7th November 2022.\u00a0<\/p><p>Earlier, in an exchange filing, the company explained the rationale behind the split. It said that the split will increase the floating number of shares in the hands of public shareholders, enhance the liquidity of shares and encourage the participation of small investors by making the price more affordable.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-687924117\"><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 is altering the Capital Clause (Clause V) of the Memorandum of Association of the Company(\u201cMoA\u201d). Currently, the company has an authorized capital of 10 crores shares of \u20b9 10 each. However post-split, it will have an authorized capital of \u20b9 100 Crores, divided into thirty-five crore equity shares of \u20b9 2 and three crore preference shares of \u20b9 10 each.\u00a0<\/p><p>It had an issued paid-up and subscribed capital of \u20b9 14.09 crores (1,40,96,486 shares * \u20b9 10). Post-split, the capital will remain the same, but it will be divided into 7,04,82,430 shares of \u20b9 2 each.\u00a0<\/p><p>Mafatlal Industries has given multibagger returns of 101.25%, year-to-date. Its share price increased from \u20b9 176.35 to \u20b9 354.90. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares at the beginning of this year, the value of their holdings would have been \u20b9 2.01 lakhs today.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3630575045\"><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>Mafatlal Industries is a small-cap company that operates in the textile industry. It has been in existence for 117 years. It has given multibagger returns in the past six months and its board has announced a stock split.&nbsp; The board of directors of the company has fixed Friday, November 25, 2022, as the record date [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25483,"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":[31,1789],"tags":[2839,3418,3555,3464,4048,2660,3913,3912,2838,3771,2843,2659,4047,3855,3856],"class_list":["post-73282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-multibagger-stocks","tag-multibagger-companies","tag-multibagger-penny-stocks","tag-multibagger-returns","tag-multibagger-smallcaps","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-smallcap-multibagger-stocks","tag-stock-split","tag-stock-split-announcement"],"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>Multibagger Smallcap stock sets record date for stock split; Check the details - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-sets-record-date-for-stock-split-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger Smallcap stock sets record date for stock split; Check the details\" \/>\n<meta property=\"og:description\" content=\"Mafatlal Industries is a small-cap company that operates in the textile industry. 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