This Small Cap Plastics Company Announces 2:1 Bonus Issue

This firm from the plastics business throughout its announcement made in the present day (October 22, 2021) introduced and accepted issuance of bonus shares within the proportion of two (Two) fairness share of Rs. 10/- every for each 1 (One) Fairness Shares of Rs. 10/- every held by the shareholders of the Firm as on the document date, topic to the approval of members and different approvals, consents, permissions, circumstances and sanctions, as could also be vital.

Apollo Pipes in a BSE submitting stated that the the Board of Administrators of the Firm at its assembly held on October 22, 2021, inter alia, has thought-about and accepted the next;

– Advice of challenge of bonus fairness Shares within the proportion of two (Two) fairness share of Rs. 10/- every for each 1 (One) Fairness Shares of Rs. 10/- every held by the shareholders of the Firm as on the document date, topic to the approval of members and different approvals, consents, permissions, circumstances and sanctions, as could also be vital.

The corporate’s final buying and selling value has been Rs. 1859.60 per share. The inventory’s 1 yr return has been at 353% whereas its yr thus far return has additionally been spectacular at 162 %.

The corporate’s peer corporations are Nahar Poly Movie, PPL, Sintex Plastics and so on.

Apollo Pipes is a number one PVC pipe manufacturing firm that’s into providing pipes & fittings, or lavatory fittings or water storage options. The corporate has established presence in a lot of the sectors together with Plumbing, Sanitation, Water Provide, Infrastructure, Agriculture Oil & Gasoline, and Building.