Multibagger Penny Stock Below Rs 50; Board Announces 1:1 Bonus Shares; Check Record Date Inside!

Abate AS Industries Limited announced that its Board of Directors, at a meeting held on Tuesday, June 17, 2025, approved a 1:1 bonus issue of fully paid-up equity shares. This means for every one existing equity share of Rs 10, shareholders will receive one additional fully paid-up bonus equity share of Rs 10. A total of 7,88,03,228 new equity shares will be issued, capitalising Rs 78,80,32,280 from the company's Reserve and Surplus Account and Securities Premium Account as of March 31, 2025. Consequently, the company's paid-up share capital will increase from Rs 78,80,32,280 to Rs 157,60,64,560. This significant move, subject to shareholder approval, will also see an increase in the authorised share capital from Rs 95 crore to Rs 158 crore. The board fixed the record date for bonus shares as Thursday, July 31, 2025

About the Company

ABATE AS INDUSTRIES LTD, the first BSE-listed company from North Kerala, aims to be a trusted conglomerate that delivers superior value to all associated parties, guided by core values such as Integrity, Innovation, Value Centricity, Excellence, and an Entrepreneurial Spirit. The company operates eye hospitals, optical stores, and educational institutions across Kerala and Tamil Nadu, providing world-class eye care services and education to the community. Notably, it established Kerala's first approved BSc Optometry program and multiple optometry colleges, significantly contributing to the healthcare sector in India.

On Thursday, shares of Abate AS Industries Limited were locked in a 5 per cent upper circuit and made a fresh 52-week high of Rs 49.54 per share from its previous closing of Rs 48.57 per share. The company has a market cap of Rs 390.39 crore. The stock has given multibagger returns of 236 per cent from its 52-week low of Rs 14.75 per share and a whopping 1,866 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.