Multibagger stock with 400% return in less than 1 year announces bonus, split

Veerkrupa Jewellers Share Price NSE: Veerkrupa Jewellers, a small cap company, has announced issuing bonus and split its existing equity shares. According to an exchange filing, the company's board at a meeting held on February 9 approved a bonus issue and also a stock split. This is a bonanza for the shareholders of the company.

The company has announced a 2:3 bonus issue of shares. It means that 2 bonus shares will be issued for every 3 shares held in the Demat account in the record date. The board also announced a stock split of 10:1. It means that 10 shares will be issued for every one share having a face value of Re 1. The existing face value of each share is Rs 10.

"The board has considered and approved issue of Bonus Shares in the ratio of 2 bonus shares for every 3 existing shares to the shareholders and has also approved Split of nominal value of 1 (one) equity share of Rs. 10/- (Rupees Ten) each into 10 (Ten) equity shares of Rs. 1/- (Rupees One) each subject to necessary permissions and approvals," the company said in the filing.

The board of directors has not fixed the record date and requisite approvals would be needed by the company before the shares are credited into the demat account. The company would inform about the record date later.

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Veerkrupa Jewellers Share Price NSE

Shares of Veerkrupa Jewellers have yielded more than 400 per cent return in the past one year. Since its listing on the BSE in July 2022, the stock has made its investors richer by 324 per cent. Last year, the company's annual revenue increased by 164.7 per cent, reaching Rs 12.3 crore.

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