Introduction:
An NBFC stock surged 20% to ₹181.10 after the board approved a proposal for a stock split. The plan involves subdividing each ₹10 share into ten ₹1 shares, subject to shareholder approval. This move will significantly increase both authorized and paid-up share capital.
Share price movement of Regis Industries Ltd:
On November 18, 2024, Regis Industries Ltd, a small-cap stock, closed at ₹173.95, which was an increase of ₹23.00 or 15.24% from the previous close of ₹150.95. The stock opened at ₹151.00, reaching an intraday high of ₹181.10, a 20% increase, and a low of ₹151.00.
The market capitalization stood at ₹1,043.20 crore. By 11:00 AM, it was trading at ₹165.00, reflecting an increase of 8.9% from the previous close.
Regis Industries Ltd Stock Split:
Regis Industries’ stock surged 20% to Rs 181.10 after its board approved a stock split proposal. The plan involves subdividing one equity share of Rs 10 into ten shares of Re 1 each, subject to shareholder approval.
The move will expand authorized share capital from 2 crore shares to 20 crore shares. Likewise, the paid-up and subscribed capital will increase from 1.72 crore shares to 17.20 crore shares, marking a significant structural change in the company’s equity framework.
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This corporate action is expected to conclude within three months following shareholder approval and statutory compliance. The record date for the stock split will be announced later, pending necessary regulatory clearances.
Recent news on Regis Industries Ltd:
As of Oct 22, 2024, Regis Industries Ltd reported strong financial growth for Q2 FY24, with a 68.99% YoY rise in net sales to ₹10.41 crore and a PAT of ₹0.01 crore, rebounding from last year’s loss.
Ace investor holding in Regis Industries Ltd:
Meena Ashok Shah
Meena Ashok Shah holds a 2.32% stake in Regis Industries Ltd, owning 400,000 shares valued at Rs 7.0 crore. Her holdings remained unchanged from the previous quarter, reflecting a consistent investment strategy in the company at a current price of Rs 173.95.
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Soham Ashokkumar Shah
Soham Ashokkumar Shah holds a 2.32% stake in Regis Industries Ltd, amounting to 400,000 shares, with a current holding value of Rs 7.0 crore at a share price of Rs 173.95. Her investment remains steady, with no changes reported from the previous quarter.
Stock performance of Regis Industries Ltd for Period of 1 week, 6 months, and 1 year:
Regis Industries Ltd has shown impressive growth over the long term. While the stock dipped slightly by 0.17% over the past week, it delivered robust returns of 23.7% over six months and an exceptional 67.7% return over the past year.
Shareholding pattern of Regis Industries Ltd:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 0% | 0.00% | 0.00% |
| FII | 0% | 0.00% | 0.00% |
| DII | 0% | 0.00% | 0.00% |
| Public | 100% | 100.00% | 100.00% |
About the company Regis Industries Ltd:
Regis Industries Ltd (BSE: 543208), incorporated in 1982, specializes in manufacturing heavy engineered process equipment like heat exchangers, centrifuges, and pressure vessels for domestic and international markets. Formerly Bhartia Bachat Limited, it was renamed Regis Industries Limited in February 2022. Financial constraints currently hinder its operations.
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.
