Small cap company engaged in textile products, Padam Cotton Yarns Ltd shares witnessed marginal decline on 0.25% in trade on Bombay Stock Exchange (BSE) at the time of writing the story. Last trading price of Padam Cotton Yarns shares on BSE is Rs 157.45 per share. The Board of Directors of the company today approved bonus shares in the ratio of 2:3.
It implies shareholders will be eligible to receive 2 free shares for every 3 shares held as on the record date. Padam Cotton Yarns shares registered sharp jump of 506.98% in last 1-year. The company has a market capitalisation of Rs 121.96 crore with return on equity at 77.78%. Check more details below:
Padam Cotton Yarns Approved Bonus Shares
As per the exchange filing of the company dated Feb 24, 2025, “we are hereby submitting outcome of the board meeting of Padam Cotton Yarns Limited held today i.e,, Friday, 24t January, 2025, inter alia, has considered and approved:
Issuance of Bonus Shares in the ratio of 02:03 i.e. Two (02) Bonus Equity Shares of face value of Rs. 10/- each for every Three (03) existing Equity Share of face value of Rs. 10/- each held by the Shareholders of the Company as on Record Date to be fixed for bonus issue. The Bonus Issue of Equity Shares is subject to approval of the shareholders and other applicable statutory and regulatory approvals, as may be required.”
The company also considered and approved to increase in Authorised Capital from existing Rs. 10,00,00,000/- (Rupees Ten Crores Only) to Rs. 13,00,00,000/- (Rupees Thirteen Crores Only) and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to approval of Shareholders in General Meeting.
Padam Cotton Yarns Shares Performance
The 52-week high price of Padam Cotton Yarns shares on BSE stood at Rs 212.60 per share (as on 13/01/2025) and 52-week low price is Rs 16.01 per share (as on 18/05/2024), respectively. Padam Cotton shares slipped over 13% year-to-date (YTD), surged 377.85% in last 6-months, and gained 1271.52% in last 2-years. The stock outperformed market in last 3-years as it recorded surge of 1015.88%. During similar tenure, BSE Sensex surged 36.54%. It skyrocketed 2696.63% in last 5-years.
Padam Cotton Shares Gain 883.45% From Lows
The stock witnessed steep rally in less than 1-year. The scrip zoomed 883.45% from its 52-week low price of Rs 16.01 per share, if today’s price of Rs 157.45 is taken into consideration.
Padam Cotton Dividend History
The company recommended one dividend so far in 2024. It recommended an equity dividend of Re 1 per share and offers a dividend yield of 0.32%.
Disclaimer: The story highlights bonus share and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
Recommended: 1:2 Bonus Share Soon: Multibagger Penny Stock Bags Rs 111.29 Mn Order
Leave a Reply