with a market valuation of 13 Cr, SMVD Poly Pack is a Small-cap company that operates in the Packaging industry. SMVD Polypack is one of the leading Indian manufacturers and exporters of Bulk Bags, PP/HDPE Woven Bags and FIBC Jumbo Bags. The firm has state-of-the-art equipment with an installed capacity of 4000 MT per annum. Fertilizer plants, cement plants, chemical industries, flour mills, ceramic industries, steel industries, plastic compounds, rice plants, poultry farms, and many others are among the company’s customers. The record date of 102:100 Bonus Shares has been made public by the Board of Directors of the Company.
The Company in its Annual Report stated that “The Board of Directors in its meeting held on Monday, the 22nd August, 2022, has approved and recommended the issue of Bonus Equity Shares of Rs.10/-, subject to approval in the General Meeting of Shareholders. – (Rupees ten only) each to the eligible members of the company as fully paid-up in the ratio of 102:100 i.e. 102 (one hundred two) equity shares of nominal value 10/- (Rupees ten only) ) for every 100 (hundred) equity shares of a nominal value of Rs.10/- (Rupees ten only) by capitalizing an amount exceeding Rs.5,06,47,080/- (Five Crore Six Lakh Eighty Four Thousand Eighty) only) out of the Capital Redemption Reserve/Securities Premium Account and/or any other permitted reserves/surplus of the Company, as may be deemed fit.”
The Board of Directors of SMVD Poly Pack in a stock exchange filing has said that “In accordance with Regulation 42 of SEBI (LODR) Regulations, 2015, we would like to inform you that as on Tuesday, the 11th October, 2022, on record the date of ascertainment of the eligible list of shareholders for issue of bonus shares, subject to the approval of the shareholders at the Annual General Meeting on 30th September 2022.”
The last traded price of the stock on NSE was 26.30 per share. The stock has produced a multibagger return of 150.48% over the past three years, and over the past year, it has appreciated by 56%. The company reported a promoter shareholding of 65.53%, a public stake of 34.43%, and FII a stake of 0.04% for the quarter ended March 2022.
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