Standard Capital Markets Limited share price gained more than 4% and closed at Rs 1.98. The share reached Rs 1.99 during trading. Yes you can ban multibegar share.
Small cap stock:
Amid selling in the market, some penny stocks witnessed a stormy rise on Friday. One such share is Standard Capital Markets Limited. The price of this share increased by more than 4% and closed at Rs 1.98. The share reached Rs 1.99 during trading. Let us tell you that the share price had gone up to Rs 3.52 in the month of February. In this regard the stock is in recovery mode.
Declaration of special dividend
At its upcoming meeting, the Board of Directors of Standard Capital Markets Limited will consider and approve a special dividend for its eligible shareholders. The proposal to raise funds by issuing new shares can also be considered and approved in the meeting. This small-cap company has informed the stock exchange about the date of the board meeting. The meeting will take place on April 30, 2024.
What did the company say
Standard Capital Markets told the stock exchange – A meeting of the board of directors of the company is scheduled to be held on April 30, 2024. In this meeting, among other things, the proposal for declaration of special dividend for the financial year 2023-24 will be considered.
The company said that this special dividend is being given to show the unwavering support and trust of our shareholders. The strong commitment of the shareholders has been instrumental in taking the company forward. Standard Capital Markets added that the board of directors in the meeting will also consider issuance of funds through preferential issue/rights issue/or any other mode.
