Stock Packaging Sector Announces Bonus Share in 1:2 Ratio: Key Takeaways
1. GKP Printing & Packaging announces bonus action
The board of GKP Printing & Packaging stated in the BSE filing that, The board of directors of the company approved and recommended the issuance of fully paid free shares in a ratio of 1:2 (for example, 1 fully paid share for every 2 fully paid shares held), subject to shareholder approval. Detailed disclosure required under Regulation 30 of the SEBI (Registration and Disclosure Requirements) Regulations 2015, read together with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, is attached as Annex A.”
The company is also planning to increase the authorized share capital and said in the BSE filing: “The board of directors of the company has approved the increase in the authorized share capital of the company from Rs.15, 00,00,000 (Rupees Fifteen Crore Lakh) divided into 1,50,00,000 (One Crore Fifty Lakh) Capital Shares of Rs. 10/‐ each at Rs.22,00,00,000 (Rupees Twenty Two Crores) divided into 2, 20,00,000 (Two Crore Twenty Lakh) equity shares of Rs. 10/‐ each per Increase of 70,000,000 (Seventy Lakh) additional shares of Rs. 10/‐ (Ten Rupees) each ranking pari‐passu with the existing shares of the company subject to shareholder approval.
2. GKP Printing & Packaging Stock Outlook
The current market price of the share is Rs 256 apiece with a gain of 1.42% till the afternoon. The stock’s 52-week high is Rs 276 each and the 52-week low is Rs 35.50 each. The stock has returned 1207% over the past 5 years, returned 614% over the past 3 years and returned 82% over the past year.
3. About GKP printing and packaging
GKP Printing & Packaging Ltd. is one of the most trusted names in packaging. The company has earned the trust and support of its customers with the assurance of high quality products and on-time delivery. As an internationally renowned industry, the organization has made successful breakthroughs in its field of activity and has always adhered to corporate ethics. It is one of the leading manufacturers and exporters in India of Cardboard Boxes, Corrugated Boxes, Display Boxes, Mailing Boxes, Labels, Stickers, Labels, Inserts and leaflets, monocard, etc., according to its official website.