Penny stock hit 5% upper circuit as Board declares 2:1 stock split
Key Highlights :
1. The market capitalization of Square Four Projects India Ltd. was Rs. 14.72 crore on Friday.2. The business the organisation is in is real estate.3. The corporation issued a stock split i.e. 2 equity shares of Rs. 5/- each in lieu of the existing holding of 1 equity share of Rs. 10/-each for its eligible shareholders during its Board meeting on Friday.4. The Board of Directors of the Company decided to split the face value of an equity share of the Company from Rs. 10/- each to Rs. 5/- each and for which it was decided to obtain the approval of the shareholders of the Company through Postal Ballot process.5. TRENDING STORIES:See All Premium Nykaa's Journey From Online To Offline | Mint Explains ... Premium Iran women arrested after man throws yogurt at them for ... Premium The EduNext Series | EdTechs | Delhi | Microsoft Premium The EduNext Series | Tech-Driven Learning | Delhi | Mic ... Citing the rationale behind the stock split, Square Four Projects India informed stock exchanges that "the management wants to increase the liquidity in the market and in order to facilitate involvement of more public to participate in the shares and growth of the Company by increasing the shareholders base, it is proposed to reduce the face value of an equity share of the Company from Rs. 10/- (Ten) each to Rs. 5/- (Five) each."6. The expected time of completion is fixed by end of June, 2023 and Mr. A.K. Labh, Practicing Company Secretary has been appointed as scrutinizer.7. The firm recorded NIL revenue for Q3FY23 and its revenue has been nil from FY21–22.8. Net expenses for the company were ₹ 0.06 crore, while EBITDA was ₹ (-0.06 crore).9. During Q3FY23, Square Four Projects reported a consolidated net loss of ₹ (-0.06 crore) and equity capital of ₹ 9.81 crore.10. MINT PREMIUM:See All Premium Nykaa's Journey From Online To Offline | Mint Explains ... Premium Iran women arrested after man throws yogurt at them for ... Premium The EduNext Series | EdTechs | Delhi | Microsoft Premium The EduNext Series | Tech-Driven Learning | Delhi | Mic ... Citing the rationale behind the stock split, Square Four Projects India informed stock exchanges that "the management wants to increase the liquidity in the market and in order to facilitate involvement of more public to participate in the shares and growth of the Company by increasing the shareholders base, it is proposed to reduce the face value of an equity share of the Company from Rs. 10/- (Ten) each to Rs. 5/- (Five) each."
Square Four Projects India Ltd. is a small cap company with a market capitalization of ₹14.72 Cr. on Friday. The company has a current market capitalization of ₹14.92 Cr. and has a price-to-earnings ratio of 2.5. The company has a beta of 1.5 and a return on equity of 24.2%.
Continue Reading at Source : livemint
