After rallying over 560% in 1 year, multibagger stock sets record date for 2:3 bonus issue

“You are informed that the Company has fixed April 30, 2023 as the Revised Record Date for the purpose of ascertaining the eligibility of the shareholders for issue of Bonus Shares in the ratio of 2:3* i.e. 2 (two) fresh fully paid Equity Shares for every 3 (three) existing fully paid-up Equity Shares held on April 21, 2023, subject to the approval of the shareholders through postal ballot, on the Stock Exchange, said the Board of Directors of Sprecking Agro Equipment. Filing today .

According to the firm, its paid-up capital after the bonus issue will be up to Rs. 10,56,79,483 and the existing 63,40,769 equity shares as well as bonus shares up to 42,27,179 equity shares. 10 each. The pre-bonus issue paid-up capital for the firm is Rs. 6,34,07,690, comprising 63,40,769 equity shares. 10 each.

During Q4FY22, the company reported a net income of 15.62 crores and net expenditure of 15.50 crores. The company said that its operating profit has reached 0.12 crore and Profit Before Tax (PBT). 0.47 cr during Q4FY22. The company reported net profit 0.35 crore and an EPS 1.09 during the quarter ending March 2022. The company is yet to declare its Q4FY23 earnings.

Shares of Sprecking Agro Equipment closed at 52-week high on BSE today up 1.38% from previous close of 147 145.00. The stock registered a total traded volume of 12,000 shares and a delivery volume of 100%. In last 1 year, the stock has generated multibagger return of 565.16% and on YTD basis, it has given multibagger return of 251.67% in 2023 so far. The stock had touched a 52-week low. 20.10 (18/07/2022), indicating that the stock was trading up 631.34% from its 1-year low today after touching a new 52-week high. Sprecking Agro Equipment reported 36.41% promoter shareholding and 63.59% public shareholding in Q4FY23.