2022 multi-bagger stock: Ruchira Papers Limited, a small-cap paper company, today disclosed bonus shares for its shareholders. For the fiscal year 2021–2022, the business board has also established record dates for dividend payments. The paper company stated in its most recent exchange filing that the company’s board of directors approved one bonus share for every ten shares held by a shareholder and set September 10, 2022, as the record date for dividend distribution.
The small-cap company cited in its notification to the Indian stock exchanges regarding the bonus shares and dividend payment, “We hereby inform you that the board has approved the issuance of bonus shares in the ratio of 1:10, or 1 (one) new fully paid up an equity share of Rs. 10 per share, to be issued for every 10 (ten) equity shares held, subject to the approval of shareholders of the company at the ensuing AGM. This decision was made at the Board meeting held today, Tuesday, August 30, 2022. To determine whether members are eligible to receive bonus shares, the board has set Monday, October 10, 2022, as the record date, provided that the bonus as recommended by the Board of Directors is approved at the AGM.”
The small-cap firm stated the following when describing the record date for dividend payments: “The board has set Saturday, September 10, 2022, as the record date for deciding whether members are eligible to receive the final dividend for the fiscal year 2021–2022. As long as the Board of Directors suggested dividend is accepted at the AGM, payment of that dividend will take place on or after October 2, 2022.”