Anjani Meals Ltd. is an FMCG agency with a market valuation of Rs. 58.50 crore that belongs to the small-cap class. With over a variety of assorted retail & distribution places spanning all through 5 districts, from Srikakulam to Godavari, Anjani Meals Restricted (AFL) is without doubt one of the leaders and prime distributors of bakery merchandise in Andhra Pradesh.
The corporate has mentioned in a regulatory submitting that “The Board of Administrators (‘the Board’) have thought-about and authorised a proposal to sub-divide (cut up) the 80,00,000 fairness shares of the corporate from their current face worth of Rs. 10/- every into the face worth of Rs. 2/- every. The Authorised Share Capital of the Firm is Rs. 8,00,00,000/- (Rupees Eight Crores Solely) divided into 4,00,00,000 (4 Crores) Fairness Shares having face worth of Rs. 2/- (Rupees Two) every.”
Inventory cut up particulars of Anjani Meals Ltd as per the small print accessible on BSE
Cut up / Consolidation ratio: 1:5 (i.e., For 1(one) fairness share of Rs.10/- every, 5(5) fairness shares of Rs. 2/- every.
Rationale behind the Cut up / Consolidation: To, inter-alia, enhance the liquidity of fairness shares, with increased floating shares and to make the fairness shares extra inexpensive to the traders.
Pre and Put up share capital – Authorised, Paid-up and Subscribed:
Pre share capital: Authorised Share Capital- 80,00,000 shares (face worth per share ₹10), complete capital ₹8,00,00,000. Issued, Subscribed and Paid-up Capital- 55,89,780 shares (face worth per share ₹10), complete capital- ₹5,58,97,800.
Put up-share capital: Authorised Share Capital- 80,00,000 shares (face worth per share ₹2), complete capital ₹4,00,00,000. Issued, Subscribed and Paid-up Capital- 55,89,780 shares (face worth per share ₹2), complete capital- ₹2,79,48,900.
Anticipated time of completion: Inside three months from the date of approval by the shareholders at their thirty eighth Annual Basic Assembly scheduled to be held on fifteenth September, 2022
Class of shares that are consolidated or sub-divided: Fairness shares of face worth of Rs. 10/- every are proposed to be sub-divided (cut up) in to fairness shares of face worth of Rs. 2/- every.
Variety of shares of every class pre and put up cut up or consolidation: Pre capital : 80,00,000 fairness shares of Rs. 10/- every, Put up capital : 4,00,00,000 fairness shares of Rs. 2/- every.
The shares of Anjani Meals closed on Friday at ₹104.70 apiece, down by 1.51% from the earlier shut. The inventory has produced a multibagger return of 470.48% over the course of the earlier 5 years and 1601.63% over the course of the final 3 years. Nonetheless, on a YTD foundation, the inventory has fallen 42.60% to this point in 2022.
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Supply: Live Mint