Achyut Healthcare Announces Stock Split and Bonus Issue

Achyut Healthcare Ltd, a rising SME stock, has unveiled significant corporate actions to benefit its shareholders. The company has announced a stock split and bonus issue, aiming to enhance liquidity and increase shareholder value. With over 300% multibagger returns in recent years, this healthcare stock continues to capture investor interest.

Here’s a detailed breakdown of the announcements and the company’s recent financial performance.

Stock Split and Bonus Issue Details

The Board of Directors at Achyut Healthcare has approved the following measures:

Stock Split:

• Each equity share with a face value of ?10 will be subdivided into ten equity shares with a face value of ?1.
• This move will increase the number of shares in circulation, improving liquidity and accessibility.

Bonus Issue:

• The company will issue four bonus shares for every ten shares held (4:10 ratio) after the stock split.
• The record date for both the stock split and the bonus issue is set for Tuesday, December 10, 2024.

These actions aim to make the stock more affordable for retail investors while boosting shareholder value.

About Achyut Healthcare Ltd

Established in 1996, Achyut Healthcare Ltd is a pharmaceutical trading company specializing in Active Pharmaceutical Ingredients (APIs), pharmaceutical products, and medical devices. The company also manufactures pharmaceutical formulations such as tablets, capsules, oral liquids, and injectables.

As of June 2024, Achyut Healthcare is debt-free with a market capitalization of ?128.29 crore, showcasing its financial stability and growth potential.

Financial Performance Highlights

Achyut Healthcare’s financial performance underscores its consistent growth:

Quarterly Results (Q2FY25 vs. Q2FY24):

• Net Sales: Increased by 44%, reaching ?2.13 crore.
• Net Profit: Grew by 35% to ?1.48 crore.

Annual Results (FY24):

• Net Sales: ?6.14 crore.
• Net Profit: ?0.66 crore.

These robust figures reflect the company’s ability to sustain profitability and deliver value to its shareholders.

With a strong financial foundation and shareholder-friendly initiatives, Achyut Healthcare Ltd is positioned for continued growth in the SME sector. Investors are keeping a close watch on this emerging healthcare player.

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Article is originally published at: https://www.findoc.com/blog/achyut-healthcare-announces-stock-split-and-bonus-issue