Anjani Foods Limited is an FMCG firm with a market valuation of Rs. 58.50 crore which belongs to the small-cap category. With a range of different retail and distribution locations spread across five districts from Srikakulam to Godavari, Anjani Foods Limited (AFL) is one of the leaders and top distributors of bakery products in Andhra Pradesh.
The Company in a regulatory filing stated that “The Board of Directors (‘Board’) has approved the transfer of 80,00,000 equity shares of the Company to their current face value of Rs.10/- each at face value of Rs.2/- each. The authorized share of the Company is Rs. The share capital is Rs. 8,00,00,000/- (Rupees eight crore only) divided into 4,00,00,000 (four crore) equity shares of face value of Rs. 2/- (Rupees two crores only).”
Anjani Foods Limited Stock Splits Details as per details available on BSE
Split/Consolidation Ratio: 1:5 (ie, for 1(one) equity share of Rs.10/-, 5(five) equity shares of Rs.2/- each.
Reasoning behind split/consolidation: To, inter alia, improve the liquidity of equity shares with higher floating stock and make equity shares more affordable to investors.
Pre and Post Share Capital – Authorized, Paid-up and Subscribed:
Ex-Share Capital: Authorized Share Capital- 80,00,000 Shares (Face Value Per Share) 10), Total Capital 8,00,00,000. Issued, subscribed and paid-up capital – 55,89,780 shares (face value per share) 10), Total Capital- 5,58,97,800.
Post-Share Capital: Authorized Share Capital- 80,00,000 shares (face value per share) 2), total capital 4,00,00,000. Issued, subscribed and paid-up capital – 55,89,780 shares (face value per share) 2), the total capital- 2,79,48,900.
Expected time of completion: Within three months from the date of approval by the shareholders at the 38th Annual General Meeting to be held on 15th September, 2022
Class of shares which are consolidated or sub-divided: Equity shares of face value of Rs. It is proposed to sub-divide (split) each into equity shares of face value of Rs.10/-. 2/- each.
Number of shares of each class before and after split or consolidation: Former Capital: 80,00,000 Equity Shares of Rs. 10/- each, after capital : 4,00,00,000 equity shares of Rs. 2/- each.
Shares of Anjani Foods closed on Friday 104.70 each, down 1.51% from the previous close. The stock has given multibagger returns of 470.48% during last 5 years and 1601.63% during last 3 years. However, on a YTD basis, the stock has fallen 42.60% so far in 2022.
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