Sprite Agro, a company related to the agri sector, has announced a bonus for its investors. The company has given this information after the market closed on Friday. In the information sent to the stock market, the company said that a meeting of its Board of Directors was held on October 11, 2024, in which the proposal to increase the authorized share capital of the company by issuing a bonus issue and the date of EGM has been approved. There has been a sharp decline in the stock in Friday's trading and the stock closed at 13.06 with a sharp decline of about 5 percent. The stock included in the T Group on BSE has been included in ESA Stage 1.

What are the company's decisions
 

While giving information about its decisions, the company said that the board of the company has approved a bonus of one share for one share. That is, investors will get one bonus share for every share of their face value of one rupee in the company. According to the company, the board will soon decide the record date of the bonus share, after which it will be informed to the stock market. Along with this, the board has also decided to call an Extra Ordinary General Meeting on November 11, 2024. At the same time, the company has also approved to increase the authorized share capital from Rs 55 crore to Rs 108 crore. How was the performance of the stock? Speight Agro's stock is among those stocks where the earners got many times the returns, while the losers lost almost the entire amount. A year ago, the stock was trading below Rs 3. On August 8, the stock closed above the level of 87. That is, during this period the money of the investors has increased more than 25 times. Now the stock has come down to below the level of 13. That is, those who invested at the higher levels have lost more than three-fourths of their money. The market value of the company is close to Rs 700 crore.