Kothari Products Limited Announces Crucial Board Meeting Amid Stock Surge
Kothari Products Limited has scheduled a Board Meeting on December 27, 2024, to deliberate on key proposals, including the issuance of bonus shares and an increase in its Authorised Share Capital. The stock of Kothari Products has locked in an upper circuit level of 20% today.
One of the primary items on the agenda is the recommendation of bonus shares. The issuance of bonus shares is a mechanism often employed to reward shareholders and improve stock liquidity..
The Board will also discuss increasing the authorised share capital, a strategic step aimed at enabling future fundraising or business expansion. This decision highlights the company’s forward-looking approach to scaling operations.
Kothari Products Limited (KPL) serves as the flagship entity of the Kothari Group. Initially renowned for manufacturing Pan Masala and Gutka under the iconic brand Pan Parag, the company has since diversified its operations. Today, KPL focuses on real estate, investment activities, and international trade.
As of December 20, 2024, 2:31 PM, the shares of Kothari Products are locked in an upper circuit level ₹205.06 per share with a surge of 20.00% from its previous day’s closing price. Over the last month, the stock has seen a surge of 32.35%. While over the year the stock has surged by 65.91% the stock has a 52-week high and 52-week low of ₹227.70 per share and ₹111.00 per share respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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