The company, in its board meeting also reported a 36% year-on-year (YoY) decline in its PAT at Rs 53.58 crore in the June quarter against Rs 83.7 crore in the corresponding quarter of the last financial year.
The revenue from operations also fell down by 3.6% on a YoY basis to Rs 423.86 crore. The figure stood at Rs 440.85 crore in the first quarter of the financial year 2024.
βThe Board has recommended issue of Bonus Shares in the ratio of 10:1 i.e. ten new bonus equity shares of Rs. 10/- each for every one existing equity share of Rs. 10/- each fully paid up subject to the approval of Members at the ensuing 93 Annual
General. Meeting of the. Company,β said the company in a filing to the exchanges.The company has fixed August 30 as the record date for determining the eligibility of the shareholders for the purpose of bonus shares.Additionally, the bonus shares would be credited/dispatched within two months from the date of the Boardβs approval, which is on or before 24 September, 2024 .The bonus shares will be issued in the ratio 10:1, which means that the eligible shareholders will receive ten equity shares of Rs 10 each for every one existing equity share of Rs 10 held.
Shares of VST Industries have increased by approximately 12% in the last one year while surging by 21.6% in the current calendar year.
Also read: Mankind Pharma shares fall 2.5% after BSV acquisition
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