New Delhi. Naysa Securities Limited, a small company associated with the Financial Services Industry, is going to give a gift to its investors. The small-cap company is going to issue bonus shares to its shareholders in the ratio of 15:10. That is, the company will give 15 bonus shares for every 10 shares held. Let us tell you that the shares of Naysa Securities, which reached a record high earlier this week.
Naysa Securities Limited has told in the stock exchange filing that the meeting of the board of directors of the company has been held on Wednesday, 23 November 2022. The Board of the Microcap Company has announced the issue of fully paid-up Bonus Shares in the ratio of 15 shares for every 10 shares held after the approval of the shareholder in the meeting.
Company’s shares rose by 770%
Shares of Naysa Securities Limited have gained 770% this year. The company’s stock has gained 771.78 per cent since hitting a 52-week low of 20.24 on the Bombay Stock Exchange (BSE) on January 11, 2022. The stock jumped 10 percent to close at Rs 771.78. The market capitalization of the company is Rs 76.66 crore. As of September 30, the promoters held 46.92 per cent stake in the company.
The Board of the Company has approved the proposal to increase the authorized share capital of the Company from Rs.4.40 Crore to Rs.11 Crore and subsequently to amend the Memorandum of Association of the Company, subject to shareholder approval. It will also hold an extraordinary general meeting (EGM) on 19 December.
The company recently announced a rights issue, which became ex-dated in September this year. The issue size of Nysa Securities Rights Issue was 868,000 equity shares at Rs 100 each, aggregating to Rs 8.68 crore. The shareholders of the Company were entitled to subscribe 1 share for every 4 equity held on the record date.
FIRST PUBLISHED : November 24, 2022, 17:25 IST