In the realm of dividend stocks for 2023, BSL Ltd shares stand out as a remarkable multibagger in the Indian stock market during the post-Covid era. Over the past three and a half years, this multibagger stock has surged from approximately ₹20 to ₹173 per share, delivering a remarkable return of more than 750% to its long-term investors. However, there’s additional stock market news of interest to BSL shareholders, as the company’s board of directors is set to declare dividends in their upcoming board meeting. It’s worth noting that the stock has already traded ex-dividend on September 21, 2023.
The small-cap multibagger stock has officially announced its dividend payment, stating, “In accordance with various Circulars of the Ministry of Corporate Affairs (MCA) and the Securities Exchange Board of India (SEBI), the 52nd Annual General Meeting (AGM) of the Company is scheduled for Thursday, September 28, 2023, at 04:00 P.M. via Video Conferencing /Other Audio Visual Means (“VC/OA VM”) only, without the physical presence of members at the venue. The meeting’s venue is deemed to be the Registered Office of the Company at 26, Industrial Area, Gandhi Nagar, Bhilwara, Rajasthan.”
BSL Dividend Record Date: The Company had previously set Thursday, September 21, 2023, as the “CUT-OFF DATE” to determine the eligibility of members for remote e-voting or e-voting at the Annual General Meeting.
BSL Dividend Details: “In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Friday, September 22, 2023, to Thursday, September 28, 2023 (both days inclusive) for the purpose of the Annual General Meeting and for the payment of dividends for the financial year 2022-23, if declared at the AGM. Accordingly, the date for determining the members eligible to receive dividends for the financial year 2022-23 is Thursday, September 21, 2023. Dividends will be disbursed to members within thirty days from the date of dividend declaration at the AGM, subject to applicable TDS rates,” as announced by BSL.
Shares of BSL Ltd are listed for trade on both BSE and NSE, with a market capitalization of ₹179 crore. Its 52-week high on NSE stands at ₹236.70, while its 52-week low is ₹111.20 per share on NSE. During the initial 15 minutes of the trading session on Friday, its trade volume on NSE was only 721, indicating that it is a low float stock more suitable for high-risk investors.
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