Ruchira Papers Ltd. is a small cap business that operates in the commodity industry with a market capitalization of 362.07 crore. The business also produces writing and printing paper in addition to Kraft paper. Today, the company produces 7 tonnes of Kraft paper per day on a superior 400 TPD paper farm, which also produces writing, printing, and other products. The record date for determining the shareholders’ eligibility for the 1:10 bonus shares has been moved from October 10, 2022 to October 11, 2022 by the company’s board of directors.
In a regulatory filing, the company stated: “In continuation of our notification on August 31, 2022, pertaining to the “Record Date,” the Company has revised the “Record Date” to October 11, 2022 (rather than October 10, 2022) to determine eligible shareholders entitled to receive Bonus shares in the ratio of 1:10, i.e., 1 (One) new fully paid-up equity share of Rs. 10/- to be issued for every 10 (Ten) equity shares held.”
In addition, the Board has suggested a dividend payment of Rs. 2 per equity share with a face value of Rs. 10 for the fiscal year 2021–2022, subject to shareholders’ approval at the next annual public meeting. The record date for determining whether stockholders are entitled to receive the final dividend for the fiscal year 2021-2022 has been set by the Board as Saturday, September 10, 2022. In the event that the Board of Directors’ decision is approved at the AGM, payment of the dividend will take place on or after October 12, 2022.
Shares of Ruchira Papers Limited ended trading on Tuesday at 132.70, up 1.49% from the previous closing of 130.75. From 22 on December 22nd, 2006, to the present market price, the stock price has increased, logging a multibagger return and an all-time high of 503.18%. Over the last five years, the stock has decreased 19.13% while growing 50.71% in the last three. The stock has risen 67.97% YTD in 2022 and 46.47% over the previous year. The company reported promoter shares of 67.88% for the second quarter of the current fiscal year, or Q2 FY23, up by 1.19% QoQ, FIIs holding of 0.18% down by 0.14% QoQ, and public shareholding of 31.94% down by 1.05% QoQ.
