a small-cap company with a market valuation of 18.30 crores which works in power sector is Veer Energy & Infrastructure Limited. The company is a top provider of renewable energy in India and has expertise in providing services across the country. The Board of Directors of the Company considered and authorized 3:10 Bonus Shares.
The company in a stock exchange filing said that “In accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, if any, we would like to inform you that the meeting of the Board of Directors of Veer Energy & Infrastructure Limited held today i.e. Thursday, October 13, 2022 at 629-A Gajdar House, 151 Floor, JSS Marg, Near Kalbadevi Post Office, Mumbai- 400002, with the consideration and approval of, inter alia, the following businesses 1. Increase in authorized share capital from Rs.15 crore to Rs.20 crore in Memorandum of Association and consequential change; 2. Issue of bonus equity shares in the ratio of 3:10 i.e. every 10 fully paid-up equity shares held To fix the record date for the purpose of 3 fully paid-up equity shares and bonus issue for the purpose of 3rd fully paid-up equity share and bonus issue; To hold Extraordinary General Meeting (EGM) of the company in 400093 Has decided. 4. Mr. Vijay Tiwari, Proprietor, Vijay S. Tiwari & Associates, Practicing Company Secretary, as scrutinizer for remote e-voting in a fair and transparent manner.
Shares of Veer Energy and Infrastructure Ltd closed on Friday 15.90 each, down 12.64% from previous close 18.20. In its previous trading session, the stock recorded a total volume of 384,554 shares as compared to the 20-day average volume of 171,461 shares. share price climbed 0.69, at the current market price on January 16, 2004, represents an 18-year multibagger return of 2,204.35%. The stock has fallen 42.50% in the last five years while it has gained 74.15% in the last three years.
The stock has gained 15.89% over the last year, and on a year-over-year basis, has appreciated by 3.72% in 2022. On BSE, the stock had touched a 52-week high. 52-week low of 20.50 on (04/10/2022) and At 9.93 (08/03/2022), it shows that the stock is trading up 22.43% from the high and 60.12% from the low at the current market price. For the quarter ended June 2022, the company recorded promoter’s stake at 30.75%, FII’s 0.39% and public stake 68.86%.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.