A small cap company with a market cap 408.14 Crore, Shreeji Translogistics Limited operates in Transportation Services industry. The company provides a wide spectrum of logistics needs from export-import container transport to bond trucking transport, and is one of India’s best-known integrated national logistics service providers. For logistics operations, the organization has about 220 owned trucks and over 500 outsourced vehicles. The board of directors of the company has announced the stock split in its meeting held today on 1st December, which is likely to be closely watched by market watchers.
The company said in a stock exchange filing that “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Board of Directors of the Company at its meeting held on Thursday, December 1, 2022, inter alia, it was decided to seek the approval of the shareholders through postal ballot (including remote e-voting) in respect of the following: Sub-division (split) of equity shares of face value of the Company Full payment of face value of Rs.2/- (Rupees Two only) each of Rs.10/- (Rupees Ten only) held by the shareholders on the record date for the proposed sub-division (split) subject to compliance with applicable laws Will be informed in due course.”
Pre-split authorized share capital is 10,500,000 shares at face value After 10 more splits, the authorized share capital will be 52,500,000 shares at face value. 2. The pre-split issued subscribed and paid-up share capital at face value is 10,482,525 shares 10 and the post-division issued subscribed and paid-up share capital will be 52,412,625 shares at face value 2.
Shares of Shreeji Translogistics Limited closed today down 2.32% from the previous closing price of 389.35 on BSE 398.60. The stock touched a 52-week high 509.10 (14/11/2022) and at 52-week low 74.90 at (01/12/2021), indicating that the stock is trading 23.52% down from 1-year high and 419.82% up from 1-year low at the current market price. The stock has given multibagger return of 380.00% in last one year, and so far in 2022, it has given multibagger return of 132.26% on YTD basis. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 72.70% and public shareholding of 27.30%.
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