Get ready for a thrilling update from Sprayking Limited! The company has just announced an electrifying 1:1 bonus share issuance, marking a stellar 100% bonus for its dedicated shareholders. This bold move not only celebrates Sprayking’s impressive journey but also highlights its unwavering commitment to delivering outstanding value.
Bonus Shares Ratio : 1 : 1
Key Dates to Remember:
- Record Date: August 14, 2024
- Ex-Date: August 14, 2024
Founded in 2005, Sprayking Limited has swiftly grown from its roots in agro-equipment manufacturing to becoming a powerhouse in the industry. After making a splash on the BSE SME platform in 2016 and upgrading to the BSE Mainboard in 2023, the company has continued to thrive with cutting-edge production facilities and an expanded product range.
In a spectacular display of growth, Sprayking’s consolidated revenue skyrocketed from ₹715.98 crore in FY 2022 to a jaw-dropping ₹2,101.66 crore in FY 2024. The company’s Profit After Tax (PAT) also soared from ₹0.35 crore to ₹8.91 crore during the same period, showcasing its phenomenal progress and efficiency.
This 1:1 bonus issue, effectively doubling each shareholder’s investment with one additional share for every share held, is a testament to Sprayking’s confidence and robust financial health. It underscores the company’s dedication to its investors and its bright future.
Mr. Hitesh Dudhagara, Managing Director of Sprayking, shared his excitement: “We’re absolutely thrilled to announce this 1:1 bonus share issuance as a heartfelt thank you to our incredible shareholders. This bonus not only highlights our strong financial position but also our optimistic outlook on Sprayking’s future. Our journey from a humble start in 2005 to a major player on the BSE Mainboard has been nothing short of extraordinary, and we’re eager to continue this momentum. This bonus issue will reinforce the bond between us and our valued shareholders.”
He continued, “The bonus shares will be available to all eligible shareholders as of the record date, which will be announced soon. We are committed to enhancing shareholder value and are enthusiastic about the opportunities ahead!”
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