Hardwin India Limited is a small-cap company whose market capitalization 222 crore who works in aluminum industry. In its Board meeting held on 13 June 2022, the Company announced to issue Bonus Shares in the ratio of 1:2.
The Board of Directors of the Company in its meeting held on Monday 13th June, 2022 has, inter alia, recommended issue of Bonus Shares in the ratio of 1:2. [i.e. 1 (One)] Fully paid-up equity shares for every 2 (two) equity shares to the shareholders]of the face value of Rs.10/- (Rupees ten) to the shareholders on such date (record date) as may be determined by the Board of Directors. Subject to the approval and other approvals, consents, permissions, conditions and restrictions of the members of the Company, as may be required,” the company said in a BSE exchange filing.
The company has also informed BSE that its Board of Directors “has decided to increase the authorized share capital of the company from Rs 10,25,00,000 (Rupees Ten Crore Twenty Five Lakh) to Rs 1,02,50,000 (One Crore Two Lakh). 50 thousand) Equity Shares of Rs.10/- (Rupees Ten) each from Rs.15,60,00,000/- (Rupees Fifteen Crore Sixty Lakh only) to 1,56,00,000 (One Crore Fifty Six Lakh) 10/- (Rupees Ten) each and consequential amendment in clause V of the Memorandum of Association of the company, subject to the approval of the shareholders of the company.”
Hardwin India is a multibagger stock in 2022, with a gain of 164.33 per cent so far this year. In the last year, the company has provided a multibagger return of 236.66 per cent to its shareholders, and in the last three years, the shares of Hardwin India have given a huge multibagger return of 2229.79 per cent to its shareholders. stock closed today 219.00, a decline of 2.95 percent from its previous close 224. Based on the previous traded price, the stock is trading higher than the 50-day, 100-day and 200-day moving averages but below the 5-day and 20-day moving averages.