Multibagger stock surges over 190% in 3 years, board announces 1:2 stock split

The company said in a stock exchange filing that the board of directors has approved the existing equity shares of the company as equity shares of face value of Rs 1 (one) each. 10/- (Rupees Ten only), fully paid-up in 2 (two) Equity Shares of face value of Rs. 5/- (Rupees Five only) each in full. The record date will be informed in due course. Considered, approved and recommended the Special Resolution through Postal Ballot for the appointment (regularization) of Shri Rajendra Kundanlal Desai (DIN: 00198139) as Non-Executive Independent Director of the Company.

According to the company, the rationale behind the split is to increase the liquidity of the equity shares of the company and encourage participation of small investors by making it more affordable and the expected time of completion is approximately 3 months from the date of receipt of the company’s approval. Company’s shareholders.

KP Energy Limited shares closed today on BSE 388.70 each level, up 0.84% ​​from the previous close 385.45. The stock recorded a total volume of 35,871 shares. The stock has given multibagger return of 112.58% in last five years and 199% multibagger return during last three years. The stock has appreciated 38.60% over the last year, and it has climbed 85.18% during the last six months. The stock touched a 52-week high at 488.55 (09/09/2022) and 52-week low 140.70 at (17/05/2022), indicating that at current market price, the stock is trading 20.43% down from 1-year high and 176.26% up from 1-year low. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 44.80% and public shareholding of 55.20%.