Sampre Nutritions Limited, a small-cap listed stock, has made a record-breaking streak of hitting 71 upper circuits. The stock price hit a 2% upper circuit on Tuesday, September 23.
Sampre Nutritions Limited on Monday issued a clarification regarding its previously announced bonus equity share issue, correcting the face value of the shares involved. The revised filing was made with BSE Limited, following a Board of Directors meeting held earlier the same day.
The company’s Board had approved a 1:1 bonus issue, granting one bonus equity share for every fully paid-up share held by investors. An earlier announcement had erroneously stated the face value of the shares as ₹10. The clarification confirms that the bonus issue will be of shares with a face value of ₹5 each, in line with a proposed share split, subject to shareholder approval.
Key Details of the Bonus Issue:
The bonus issue will double Sampre Nutritions’ paid-up and subscribed share capital from 43,113,710 shares to 86,227,420 shares, with the face value remaining at ₹5 per share. The company also plans to raise its authorised share capital from 70 million to 200 million shares.
Sampre Nutritions Limited has proposed to split its existing equity shares, reducing the face value from ₹10 per fully paid-up share to ₹5 per share. The move is subject to approval by the company’s shareholders. This sub-division will increase the number of outstanding shares while maintaining the overall paid-up capital.
Sampre Nutrition's share price is locked in the 2% upper circuit on Tuesday. The stock price has witnessed record breaking streak of hitting 71 upper circuits. From its 52-week low of ₹20.90, the stock has delivered a return of 415%. The stock price hit 71 consecutive upper circuits.
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