Latest news with #12thAnnualGeneralMeeting
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Business Standard
7 days ago
- Business
- Business Standard
Aaron Industries jumps 7% as board approves bonus, record date for dividend
National Stock Exchange (NSE) listed Aaron Industries shares jumped 6.9 per cent, logging an intraday high at ₹424.95 per share. The stock gained after the company announced bonus shares in the proportion of 1:1 and fixed record date for final dividend. At 1:49 PM, Aaron Industries share price was trading 3.98 per cent higher at ₹413.05 per share on BSE. In comparison, the BSE Sensex rose 0.5 per cent to 82,598.03. The market capitalisation of the company stood at ₹433.28 crore. The 52-week high of the company stood at ₹430 per share, and the 52-week low was at ₹251.05. CATCH STOCK MARKET UPDATES TODAY LIVE Aaron Industries' bonus issue and other details The industrial products company's board has considered and recommended the issue of bonus shares in the proportion of 1:1 which means one bonus share of ₹10 each will be received for every existing share. "This is to inform you that the Board of Directors of the Company at their Meeting held on Wednesday, July 23, 2025, has considered and recommended the issue of Bonus Shares in the proportion of 1:1, i.e. 1 (One) new fully paid-up Bonus Equity Shares of ₹10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up Equity Shares of ₹10/- (Rupees Ten only) each held by the eligible Members as on the Record Date, subject to the approval of Shareholders at the ensuing 12th Annual General Meeting of the Company scheduled to be held on Tuesday, August 19, 2025," the filing read. The board also approved the record date for the final dividend as Friday, August 8, 2025. In May 2025, Aaron's board had approved and recommended a final dividend at the rate of 12 per cent i.e. ₹1.2 per share of the face value of ₹10/- each. The dividend will be received if approved by the shareholders at the ensuing Annual General Meeting of the company. The 12th Annual General Meeting will be called and convened on Tuesday, August 19, 2025. The board also approved increasing the authorised share capital of the company from ₹11 crore, divided into 1,10,00,000 shares of ₹10 each to ₹21 crore, divided into 2,10,00,000 shares of ₹10.
Mint
16-07-2025
- Business
- Mint
1070% returns in 5 years! Small-cap stock zooms 14% as board is to consider bonus share issue
Stock Market Today: A small-cap stock that has yielded 1070% returns in 5 years gained close to 14% on Wednesday during intraday trades as the board is to consider a bonus share issue. Small-cap stock Aaron Industries Board meeting details Aaron Industries Limited intimated the National Stock Exchange of India about its board meeting dates. As per the release by small-cap stock Aaron Industries, the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, July 23, 2025. The board meeting is to take place at the registered office of the company. The board meeting as per Aaron Industries is to consider the proposal for the issue of bonus shares along with other agenda items, including the increase in authorized share capital of the company. Among other key items, the board of Aaron Industries will also consider and decide the date, time, and venue for the 12th Annual General Meeting of the Company and approve the draft Notice of AGM. Also Read | Multibagger small-cap stock jumps after this strategic investment move Small-cap stock Aaron Industries share price movement Aaron Industries share price opened at ₹350 on the NSE on Wednesday, with only slight gains above the previous trading session's closing price of ₹349.40; however, it saw smart gains thereafter. The small-cap stock Aaron Industries soon extended gains to intraday highs of ₹397, which meant an upside of close to 14% (13.6%) during the intraday trade on Wednesday. Aaron Industries share price closed at ₹382.7 levels with gains of 9.53% on Wednesday. Aaron Industries share price had scaled a 52-week, or 1-year, high of ₹438 in May 2025, which was a sharp gain compared to the 52-week, or 1-year, low of ₹251.05 in October last year. The Aaron Industries share price has taken a breather thereafter with some correction in markets; however, it is gaining pace now. Small-cap stock Aaron Industries share price, having gained 1070% in 5 years, has given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions
