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1 Bonus Share Issue And 1 Stock Split To Be Announced Next Week


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oi-Roshni Agarwal

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Corporate actions are a regular event. Likewise, 2 of the companies from the small cap category are slated to meet next week for considering bonus share issue and sub-division or stock split in shares. Here below is a mention of each of them.

1 Bonus Share Issue And 1 Stock Split To Be Announced Next Week

Choice International: The company is an Indian based financial service conglomerate company. The m-cap of the company is Rs. 2030 crore. In the March ended quarter, the company’s total income from operations is at Rs. 2.51 crore. Also, net profit at the company in the March ended quarter increased sequentially to Rs. 0.45 crore.

FII shareholding in firm reduced by a margin in the June ended quarter while public shareholding in the fintech firm has seen a tad gain to 41.5% from 41.36% in the previous quarter.

Veteran investor has also reduced stake in the firm in the latest quarter to 12.06% from 12.15% in the previous quarter.

The company will now as per the filing with the exchange the company’s board meet shall occur on August 4, 2022. Here are the aspects to be considered at the board meet:

To consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2022 and to adopt the Limited Review Report of the Auditor’s thereon.

To consider and approve the Issue of Bonus Shares to the Shareholders of the Company.

Pursuant to the proposal of issue of Bonus Shares , Board to also consider revision in ESOP pool under the ” Choice Employee Stock Option Plan 2022″ which was earlier approved at its Meeting held on May 24,2022

To fix the date & time of the 29th Annual General Meeting ofthe Company & to approve the Draft Notice of the 29th Annual General Meeting of the Company, to approve the Draft Director’s Report, Corporate Governance Report, Secretarial Audit Report, Management Discussion & Analysis Report & other incidental matters thereto.

To consider any other matter with the permission of Chair.

TPL Platstech: The manufacturer of plastic products. It is the country’s second largest manufacturer of drums, especially Bulk Packaging i.e. 210 Ltr to 250 Ltr capacities. The company’s product portfolio comprises a comprehensive range of narrow mouth, wide mouth and open top drums ranging from 25 Ltr to 250 Ltr capacity. The Company has a large client base and caters to more than 250 customers in various industries like chemical & petrochemicals, specialty chemicals, pharmaceutical, FMCG, etc.

The company’s board meet is scheduled for August 8, 2022 and it shall consider the following decision:

To consider and approve the Unaudited Financial Results of the Company for the quarter
ended 30″ June, 2022 and limited review report thereon.
To consider and approve sub-division of Equity Shares.
To decide the date and time of the 29″ Annual General Meeting of the Company.
To approve Notice of the 29″ Annual General Meeting.
Any other item with the permission of the chair.

Story first published: Saturday, July 30, 2022, 10:15 [IST]

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