with a market cap of 322.22 Crore, Maximus International Limited is a Small Cap company dealing in Petrochemical Industry. A non-banking finance company with its base in Vadodara and registered with Reserve Bank of India, Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed). The company is in the business of importing and exporting base oils, lubricants and other chemical products which are mainly used in metal manufacturing, power industry and automobile industries.
The company in its stock exchange filing today said that “In accordance with Regulation 30 and other provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that, the Board of Directors in its meeting held today i.e. Thursday, The following business has been considered and approved, inter alia, at the Registered Office of the Company on 18th August, 2022: Sub-division of 1 Equity share of the Company having a face value of Rs.10/- 10 having a face value of Rs. (x) each of the equity shares. Will be informed.”
Maximus International’s stock split details as per the data available on the stock exchanges
split ratio: The Board considered the proposal for sub-division of 1 equity share of the company with a face value of Rs. 10/- each of 10 (ten) equity shares of face value of Rs. 1/- each, subject to regulatory/statutory approvals, as may be required and subject to the approval of the shareholders of the company.
Rationale behind splitting: To increase liquidity in the capital markets, expand the shareholder base and make shares more affordable to small investors.
Ex-Share Capital: Authorized Share Capital (1,68,00,000 Shares), Face Value 10 each, total share capital: 16,80,00,000. Issue, Paid-up and Subscribed Capital (1,25,72,000 Shares), Face Value 10 each, total share capital: 12,57,20,000.
Post Share Capital: Authorized Share Capital (16,80,00,000 Shares), Face Value 1 each, total share capital: 16,80,00,000. Issue, Paid-up and Subscribed Capital (12,57,20,000 shares), Face Value 1 each, total share capital: 12,57,20,000.
Expected time of completion: Within 3 months from the date of shareholder approval.
Shares of Maximus International Ltd closed at 52-week high today on BSE 256.30 with a gain of 5.00% from the previous close. The stock has given a multibagger return of 1,945.49% over the last five years and a multibagger return of 164.91% over the previous year. The stock has given a multibagger return of 167.82% YTD so far in 2022, and it has generated a multibagger return of 155.02% in the last six months. The stock had touched a 52-week low 85.00 on 27/08/2021 which indicates that at the current price level 256.30 share is trading up 201% from 52-week low.
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