Cosmo Films shares fall nearly 2% The stock started trading ex-bonus a day before the record date of its bonus issue at 1:2 ratio as of 1,012 on the BSE in Friday’s trading session. Bonus shares are fully paid-up additional shares issued by a company to its existing shareholders.
Cosmo Films announced that its board in its meeting held on May 09, 2022 has approved the issue of bonus share In the ratio of 1:2 subject to shareholders and other necessary approvals. The Bonus Issuance Committee of the Company has fixed Saturday, June 18, 2022, as the ‘Record Date’, with a view to ensuring the eligibility of eligible shareholders to issue Bonus Equity Shares of the Company.
Cosmo Films Consolidated net profit up 45% 108 crore for the fourth quarter ended March 2022, helped by higher sales. The company posted a consolidated net profit of 74 crore for the January-March period a year ago. was on revenue from operations 820.8 crore as against 671.8 crore in the year-ago period.
The Board of the Company along with its Q4 results also approved the change of name of the Company from “Cosmo Films Limited” to “Cosmo First Limited” and consequent change in the Memorandum and Articles of Association of the Company, subject to the approval of the Shareholders .
Shares of Cosmo Films are up more than 8% so far in 2022 (Year-to-date or YTD), whereas, the stock has risen more than 80% in a span of one year. Cosmo Films is a BOPP Film Manufacturer, Supplier and Producer in India.
Established in 1981, Cosmo Films Limited is a leading firm in specialty films for packaging, lamination and labeling applications. Its film offerings include Biaxially Oriented Polypropylene (BOPP) films, Cast Polypropylene (CPP) films and will soon be offering Biaxially Oriented Polyethylene Terephthalate (BOPET) films.