Multibagger penny stock under Rs 20 hit upper circuit & 52-week high; Board likely to announce stock split post 15:2 rights issue

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Multibagger penny stock under Rs 20 hit upper circuit & 52-week high; Board likely to announce stock split post 15:2 rights issue

The stock has given multibagger returns of 223 per cent from its 52-week low of Rs 5.62 per share.

Bluegod Entertainment Ltd (formerly Indra Industries Ltd) notify that the meeting of the Board of Directors of the company is scheduled to be held on Wednesday, 16th July, 2025 at the registered office of the Company to consider and approve inter alia the following business:

  1. To consider and approve the proposal to Sub- Division /Split of the Equity Shares of the Company in such manner as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013
  2. Any other matter with the permission of Chairperson of the meeting.

Earlier, the company issued 4,85,78,025 fully paid Equity Shares via a Rights Issue at Rs 10 per share (rights issue ratio 15:2), raising ₹48.57 crore. The Record Date was May 15, 2025, and the Rights Issue ran from May 23 to June 6, 2025. The entitlement ratio was 15:2. The Board had approved the issue on February 13, 2025. Post-issue, total equity shares increased to 55,05,50,95.

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Bluegod Entertainment Ltd, originally incorporated as Indra Industries Limited in 2010, underwent a significant transformation on September 5th, 2024, when it officially changed its name and shifted its core business from fertilisers and polymers to the dynamic realm of films and entertainment. This strategic pivot signals a new direction for the company, marking its entry into a vibrant and creative industry.

On Friday, shares of Bluegod Entertainment Ltd hit a 2 per cent upper circuit to Rs 18.15 per share from its previous closing of Rs 17.80 per share. The company has a market cap of Rs 99.92 crore. The stock has given multibagger returns of 223 per cent from its 52-week low of Rs 5.62 per share.

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