Multibagger approves penny stock stock split: Check out the key takeaways

Ontic Finserve Limited is a small-cap company in the financial services industry with a market cap of 108 crores. Ontic Finserv shares closed 12.00 per share today, down 5.73 per cent from its previous close of 12.73. The Board of Directors of the Company has approved the stock split and for the same, the Company in a filing to BSE dated 9th June 2022 has said that “Please accept that the Board meeting was held today at 2 PM at the Registered Office of the Company. : 00 PM The result of the said meeting is as follows:”

1. To call the Annual General Meeting of the Company on 11.07.2022 at 01:00 PM. at the registered office of the company.

2. To approve the Director’s report along with the Annual Report for the financial year ended 31.03.2022.

3. Register of Members and Share Transfer Book will remain closed from 05.07.2022 to 11.07.2022 (both days inclusive).

4. Appointment of the Company Secretary Smt. Khushboo Trivedi as the scrutinizer for the Annual General Meeting.

5. Subdividing or dividing the shares of the company by the face value of Rs. 10/- each to Rs. 1/- each (after sub-division of shares).

6. Change in the authorized share capital of the company by amending the capital clause of the memorandum of the company.

7. To regularize the appointment of Additional Director Ms. Madhuben Jivabhai Parmar.

8. The Board has decided that no change should be made in the object clause of the company so that there is no change in the object clause of the company. The object clause will remain the same.

Ontic Finserve stock soars 3.42 June 21, 2021 to . Feather 12 today, reflects a multibagger return of 250.88 percent a year, however, the stock has fallen 60.00 percent year-over-year (YTD) so far in 2022. Ontic Finserv is now trading below 5-day, 20-. day, 50-day, 100-day, and 200-day moving averages, based on the previous traded price.

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