New Delhi Stock Exchange：10：1 Stock Split, 1：1 Bonus： Rs 650 IT Stock To Deliver Double Rewards To Investors; How To Be Eligible？

NSE-listed Vertoz Advertising has announced double rewards for its investors from stock split to bonus shares. The AI-powered media and advertising stock trading at a little over Rs 650 levels, is all prepped to split into a 10:1 ratio, and further distribute free bonus shares in the ratio of 1:1. Vertoz is a multi-bagger!New Delhi Stock Exchange

The stock ended at Rs 655 apiece, down by 0.4% on NSE with a market cap of Rs 2,752.97 crore. The stock's 52-week high and low is at Rs 905 and Rs 218 apiece respectively.

YTD, Vertoz is up by 38% on BSE. In a year, however, the stock gained by 192%. But its all-time gain is by 778%.

The company will subdivide each of the fully paid Equity Shares of the Company having a face value of Rs. 10/- each in the Authorized and paid-up Share Capital of the Company, into 1 Equity Share having a face value of Re. 1/- each, fully paid up.

Accordingly, the stock split is of the ratio of 10:1.

The company will issue 1 free bonus share on every 1 existing equity share, aka 1:1 ratio.

In its regulatory filing, the company received board of directors approval for the capitalization of the Securities Premium Account of at least Rs. 42,61,50,000 (Rupees Forty-Two Crore Sixty-One Lakh and Fifty Thousand Only) from and out of the Securities Premium Account as per the Audited Financial Statements of the Company for the Financial Year ended on 31st March 2024 for issuance and allotment of Bonus Equity Shares of face value of Re. 1/- (Rupee

One only) each, to be credited as fully paid-up Equity Shares to the holders of the existing Equity Shares of the Company whose names appear in the Register of Members or the Register of Beneficial Owners maintained by the Company/ Depositories as on the Record Date.Simla Wealth Management

The Record Date for Bonus Issue of Equity Shares will be intimated in due course, it added.

Revenue for the quarter was Rs. 45.66 crore in Q4 FY24, a YoY increase of 33.05%, driven by the recent merger of PayNX and Qualispace businesses. While EBITDA (excluding other income) stood at RsBangalore Investment. 6.66 crore in Q4 FY24, a YoY increase of 3.06%. EBITDA Margin was 14.58% in Q4 FY24. Investments in workforce, technology, and other expenses as part of mergers, had a bearing on margins.

Also, PAT was reported at Rs. 4.69 crore in Q4 FY24, vis-à-vis Rs. 4.10 crore in Q4 FY23, while PAT Margin stood at 10.28%.

For FY24, the company's Revenue for the full year was Rs. 155.37 crore, a YoY increase of 87.61%, on the back of strong growth in existing business, supported by inorganic initiatives. PAT for the year was Rs. 16.12 crore compared to RsMumbai Wealth Management. 11.04 crore in FY23, while PAT Margin stood at 10.37%.

Guoabong Wealth Management