In the last six months, Growington Venture’s stock has returned 70.78%, and in just one year, it has given multibagger returns of 750.41%. Recently, the company approved the issuance of bonus shares in the ratio of 24:100. This means that for every 100 shares held by a shareholder, they would receive 24 bonus shares. This bonus share allocation’s record date was March 25, 2023.

Growington Ventures India Ltd, also known as VMV Vacations, is a small-cap company in the tourism and hospitality sector. The company offers travel and tourism-related services, such as flight booking, vacation packages, hotel and resort reservations, car rentals, visas, event management, and wedding planning.

The company stated that 24 bonus equity shares of Rs 10/- each would be given for every 100 fully paid-up equity shares of Rs 10/- held by shareholders. In a communication to the Bombay Stock Exchange (BSE), the company informed the public of the allocation of 30,76,896 Bonus Equity Shares of face value Rs 10/- each to eligible shareholders. These bonus shares were to be issued by capitalising the Securities Premium Account, Free Reserves, or any other permitted reserves/surplus of the company.

On the record date, the company fixed March 25, 2023, as the day for deciding which members would be eligible to receive bonus shares. The shares would be credited as fully paid up to the holders of equity shares of the company whose names appeared on the register of members on the record date.