with a market valuation of 398.80 Crore, Banswara Syntex Limited is a Small Cap company dealing in Textile Industry. Banswara Syntex is one of Asia’s largest single-mill establishments for fiber dye yarn. The firm offers a variety of textile and technical fabrics, and has a wide market presence in over 50 countries, including the United States, United Kingdom, Canada, Spain, Germany, Japan, France, United Arab Emirates and Turkey. , The Board of Directors of the Company has announced a record date for determining the eligibility of shareholders for the purpose of sub-division/division of 1 equity share of face value. 10/- for every 2 equity shares whose face value is 5/- each, which should be known to existing shareholders and new investors.
The company in a regulatory filing said that “Please refer to the results of the Board meeting held on 31st July, 2022. In this regard, reference has been made to Regulation 42(2) of the SEBI Listing Regulations, Friday, 9th September, 2022. 10/- (Rupees Ten Only) each having a face value of 1 (one) equity share as the ‘record date’ for the purpose of determining the eligibility of shareholders for the purpose of sub-division/split) Equity shares of face value of Rs.5/- (Rupees five only) approved by the shareholders in the 46th Annual General Meeting of the Company held on 30th July, 2022.”
Shares of Banswara Syntex Limited were trading at Rs. 235.00 per share, down 1.67 percent from the previous close. Over the last 5 years, the stock has increased by 69.74% and in the last 3 years, the share price has increased by 57.80 at the current price level as of 6 Aug 2019, resulting in a multibagger return of 359.22%. The stock is up 5.62 percent over the last year, and on a year-over-year basis, it’s up 2.51 percent so far in 2022. The stock has fallen 14.36 per cent in the past six months, but in the past month, it has recovered up to 10.30 per cent.
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