Small-cap stock that has surged 1200% in three years to trade ex-bonus soon
Bonus shares 2023: Shares of Gulshan Polyols Ltd are going to trade ex-bonus stock next week. As per the information available on BSE website, the board of directors of the company has fixed 21st June 2023 as record date for issuance of bonus shares in 1:5 ratio. This means, one bonus share will be awarded to eligible shareholders of this multibagger stock for every five shares held on the record date of bonus shares.
Gulshan Polyols bonus shares record date
The small-cap multibagger stock informed Indian stock market bourses about the bonus share record date citing, “In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has fixed Wednesday, 21st day of June 2023 as the ‘Record Date’, for the purpose of ascertaining the eligibility of shareholders be entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Share of Re. 1/- each for every 5 (Five) existing Equity Shares of Re. 1/- each held as on the Record Date, subject to the approval of Members which is being obtained by way of Postal Ballot dated May 12, 2023 through e-voting.”
Earlier in an exchange communication, the small-cap stock informed about issuance of bonus shares citing, “The Board in their meeting held, inter alia recommended the Issue of Bonus Equity Shares in the ratio of One (1) new fully paid up equity share for every Five (5) existing fully paid up equity shares of Re 1/- each held.”
Gulshan Polyols share price history
As mentioned above, Gulshan Polyols shares are one of the multibagger stocks that Indian stock market has produced in post-Covid rebound in last three years. In last three years, this small-ca stock has risen from around ₹22 to ₹280 apiece levels, logging to the tune of 1200 per cent in this time. The stock has been in uptrend after ushering in new financial year. In FY24, this multibagger stock has surged from around ₹195 to ₹280 apiece levels, ascending to the tune of 45 per cent in last three months.
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Updated: 16 Jun 2023, 02:58 PM IST
