Small-cap stock below ₹10: Standard Capital board to consider dividend, fundraise next week

1 week ago 8

1 min read 26 Apr 2024, 01:35 PM IST Trade Now

Penny banal nether ₹2: The small-cap institution has fixed committee of directors gathering connected 30th April 2024 i.e. Tuesday adjacent week

The institution said that the committee of directors successful its gathering connected 30th April 2024 would besides see the issuance of 1 oregon much instruments including equity shares/convertible securities either by mode of Preferential Issue/Rights Issue/or immoderate different mode arsenic whitethorn beryllium considered oregon arsenic whitethorn beryllium deemed acceptable and/or different modalities including determination of terms thereon. (Photo: Pixabay)

Small headdress banal beneath ₹10: The committee of directors of Standard Capital Markets Ltd is going to see and o.k. a peculiar dividend for its eligible shareholders successful its upcoming gathering adjacent week. The committee of directors of the dividend paying banal whitethorn besides see and o.k. the fundraise connection successful this gathering done the issuance of caller shares. The small-cap institution informed the Indian banal market exchanges astir the improvement portion sharing the committee gathering date, which was fixed connected 30th April 2024.

Standard Capital Markets dividend 2024

The small-cap institution informed the Indian stock market bourses astir the connection for dividend outgo saying, "With notation to the above-captioned taxable and successful presumption of Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would similar to pass your bully bureau that a gathering of the Board of Directors of Standard Capital Markets Limited (“the Company") is scheduled to beryllium held connected April 30, 2024, inter alia to see the following; 1] To see the connection for declaration of peculiar dividend arsenic an interim dividend for the ϐinancial twelvemonth 2023-24."

"This peculiar dividend is being fixed successful designation of the unwavering enactment and spot of its valued shareholders. Their steadfast committedness has been instrumental successful propelling the institution guardant and seizing opportunities with confidence. The institution remains dedicated to driving sustainable maturation and creating semipermanent worth for each its stakeholders," the small-cap institution added.

Standard Capital Markets further informed astir the fundraising move. The institution said that the committee of directors successful its gathering connected 30th April 2024 would besides see the issuance of 1 oregon much instruments including equity shares/convertible securities either by mode of Preferential Issue/Rights Issue/or immoderate different mode arsenic whitethorn beryllium considered oregon arsenic whitethorn beryllium deemed acceptable and/or different modalities including determination of terms thereon.

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Published: 26 Apr 2024, 01:34 PM IST