Akashdeep Metal Industries Limited is a Small-Cap company having a market cap of 97.15 Cr and the company operates in the Financial Services sector as a Non-Banking Financial Company (NBFC). Last month, the board of directors of Akashdeep Metal Industries had announced a stock split in the ratio of 1:5. For the purpose of determining the eligibility of shareholders, the Company has fixed February 23, 2023 as the record date.
“This is to inform that the members of the Company have voted through postal ballot for the sub-division of Equity Shares of the Company from one (1) Equity Share of face value of Rs.10/- each (Rupees Ten only) into five ( 1). 5) Fully paid-up equity shares of face value of Rs.2/- each (Rupees Two only). In this regard, the regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 42, we offer the details of the record date as February 23, 2023,” Akashdeep Metal Industries said in a stock exchange filing.
1:5 i.e., the existing one Equity Share of the Company having face value of Rs.10/- each fully paid-up shall be sub-divided into 5 Equity Shares of face value of Rs.2/- each fully paid-up Corporate by Akashdeep Metal Industries The action has been declared for which the interested shareholders should hold the shares of the company in their demat account on the record date.
Recently, Akashdeep Metal Industries said in a stock exchange filing that the Board of Directors of the company in its meeting held today i.e. Friday, February 10, 2023 has appointed Mr. Ravindra Kumar Das as Additional Executive Non-Independent Director of the company. With effect from February 10, 2023.
In Q3FY23, Akashdeep Metal Industries’ net profit declined 8.77% YoY to Rs. 1.04 cr to Rs. 1.14 cr in Q3FY22. For the quarter ending December 2022, the firm reported a net sales of 5.47 crore as opposed to 2.14 crore in the quarter ending December 2021, a growth of 155.61% year-on-year. Akashdeep Metal Industries’ EPS reached compared to 1.08 1.54 in the year-ago quarter.
Shares of Akashdeep Metal Industries on BSE on Friday 92.50 each level, down 3.19% from the previous close 95.55. The stock touched a 52-week high 174.50 (07/10/2022) and at 52-week low at 33.30 (24/03/2022). In last 1 year, the stock has generated multibagger returns of 101.74% but on YTD basis, the scrip has fallen 5.27% so far in 2023.
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