Textile stock in focus after company to propose bonus issueTextile stock in focus after company to propose bonus issue

Introduction:

Textile stock came into focus after announcing a board meeting scheduled for April 16, 2025, to consider key proposals including a bonus issue, amendments to Articles of Association, and a potential increase in authorized share capital through video conferencing at 4:30 PM.

Share Price movement of VTM:

On April 8, 2025, VTM Limited opened at ₹195.35, reaching a high of ₹195.35 and a low of ₹195.35, down 1.98% from the previous close of ₹199.30. The stock is currently trading at ₹195.35, with a market cap of ₹785.85 Crores.

VTM to propose bonus issue:

VTM Limited has scheduled a board meeting on April 16, 2025, at 4:30 PM via video conference. During this session, directors will review circular resolutions and sign the register maintained under Section 189 of the Companies Act, 2013 as part of statutory proceedings.

The agenda includes amending the Articles of Association to facilitate the capitalization of reserves, considering a bonus issue proposal, and potentially approving an increase in authorized share capital to support these measures.

Additional matters may be raised during the meeting. Directors expected to attend include K. Thiagarajan, Dr. Uma Kannan, RM. Somasundaram, T.N. Ramanathan, Ganesh Ananthakrishnan, L. Sevugan, C.R. Venkatesh, M. Anbukani, and V. Kasinathan.

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Ace investor holding of VTM:

Ace investor Nikhil Jaisinghani publicly holds 792,021 shares of VTM Ltd., valued at ₹15.5 Crores as per the latest available data. His stake represented 1.97% in December 2024, highlighting his confidence in the stock’s long-term potential within the textile sector.

Stock performance of VTM for Period of 1 week, 6 months and 1 year:

VTM’s stock witnessed a 7.22% decline over the past week, indicating short-term volatility. However, over six months, it surged by 171%, and over one year, it delivered an impressive return of 185%, reflecting strong long-term performance and growing investor confidence.

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Shareholding pattern of VTM:

Summary	Dec-24	Sep-24	Jun-24
Promoter	75%	75%	75%
FII	0%	0%	0%
DII	0%	0%	0%
Public	25.00%	25%	25.00%

About VTM:

VTM Limited (BSE: 532893) is a leading textile manufacturer engaged in producing high-quality yarn-dyed shirting fabrics and greige fabrics. Headquartered in Tamil Nadu, the company caters to both domestic and international markets with a focus on innovation, quality, and sustainable textile practices.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.