Linc Limited, one of India’s top producers and distributors of writing instruments, has recently announced significant corporate actions, including a stock split and a bonus share issue. Here are the details:
Company Overview
Linc Limited, formerly known as Linc Pen & Plastics Limited, is a prominent player in the writing instrument sector, with a presence in over 50 countries. The company boasts a robust distribution network across regions such as South East Asia, the Middle East, the U.S., the U.K., Europe, South America, Africa, Russia, and CIS countries. Linc is also the exclusive importer and distributor in India for major stationery brands, including Deli and Uni-ball, produced by Mitsubishi Pencil Co. in Japan.
Stock Split
The Board of Directors of Linc Limited has approved a stock split, where each equity share with a face value of ₹10 will be subdivided into two shares with a face value of ₹5 each. This decision is subject to shareholder approval, and the record date for the stock split will be announced in due course.
Bonus Shares
Additionally, the Board has approved the issuance of bonus shares in a 1:1 ratio, meaning eligible shareholders will receive one new fully paid-up equity share of ₹5 for each existing fully paid-up equity share they hold. This issuance will also require shareholder approval, with the record date to be communicated later.
Financial Performance
In the financial results for the second quarter of FY25, Linc reported:
- Net Sales: ₹134.64 crore, a 2.61% increase from ₹131.22 crore in the same quarter last year.
- Net Profit: ₹8.78 crore, reflecting a 13.91% rise from ₹7.71 crore in Q2 FY24.
- EBITDA: ₹15.94 crore, up 9.86% from ₹14.51 crore in the previous year.
Share Price Outlook
Currently, Linc Limited’s stock exhibits a bearish trend on daily charts, with strong resistance at ₹680. Analysts suggest that a daily close below the support level of ₹640 could lead to a target price of ₹600 in the near term.
Overall, Linc Limited’s recent actions indicate a strategic effort to enhance shareholder value amid a competitive market environment. If you have any further questions or need additional information about Linc Limited or related topics, feel free to ask!
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Leave a Reply