Introduction:
Leading smallcap company has announced a 1:1 bonus share issue, granting shareholders one additional equity share for each held. The issuance, subject to shareholder approval, will be executed from free reserves, with the record date to be announced later.
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Share price movement of Captain Technocast:
On March 19, 2025, Captain Technocast Ltd opened at ₹493.00, down from its previous close of ₹590.00. The stock reached a high of ₹593.00 (0.51%) and a low of ₹493.00. By 11:26 AM, it traded at ₹593.00, a 0.51% increase, with a market cap of ₹688.48 crore.
Captain Technocast Announces 1:1 Bonus Issue; Board Approves Proposal:
Captain Technocast Limited’s Board approved a 1:1 bonus share issuance on March 18, 2025. Shareholders will receive one bonus equity share for each share held on the record date, which will be announced later. The move awaits shareholder approval.
The company will issue 11,610,050 equity shares, increasing its paid-up share capital from ₹11.61 crore to ₹23.22 crore. The bonus shares will be allocated from free reserves of ₹17.23 crore as of September 30, 2024. The issuance aligns with SEBI guidelines.
Once allotted, the bonus shares will carry identical rights to existing shares, including dividends. The company expects to credit or dispatch the shares within two months, by May 16, 2025. Regulatory and statutory approvals will be obtained as required.
Stock performance of Captain Technocast for Period of 1 week, 6 months, and 1 year:
The company has delivered impressive returns, gaining 12.4% in one week, 111% over six months, and a remarkable 251% in one year. Its strong performance reflects consistent growth and investor confidence in its long-term potential.
Shareholding pattern of Captain Technocast:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 73.60% | 73.60% | 73.60% |
FII | 0.00% | 0.00% | 0.00% |
DII | 0% | 0% | 0% |
Public | 26.50% | 26.50% | 26.50% |
About Captain Technocast:
Captain Technocast Ltd (BSE: 540652), incorporated in 2010, specializes in manufacturing investment castings, including carbon steel, alloy steel, super alloy steel, and nonferrous components. The company also produces ball valves and offers a diverse range of precision castings.
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.