BackMultibagger stock that surged 6 times in 3 yrs to consider stock split
KP Energy has scheduled a meeting of its Board of Directors on January 5
PremiumKP Energy has scheduled a meeting of its Board of Directors on January 5, 2023 to consider and approve stock split of existing equity shares of the company having face value of ₹10 each, fully paid up, the company said in an exchange filing.
The board of directors will also consider and approve the appointment of Rajendra Kundanlal Desai as non-executive independent director of the company, the company informed.
The wind energy solutions provider's stock was today trading at ₹388.9, up ₹18.50 or 4.99%, on BSE at the time of writing this copy.
The stock has jumped ₹317.90, or 447.7%, over the last 2 years on BSE. In comparison, the BSE Sensex index has gained only 35%. In past 6 months, the stock has gained ₹226, or 139%.
The share price hit a 52-week high of ₹488.55 on September 9, 2022 and 52-week low of ₹140.7 on May 17, 2022, according to BSE data.
KP Energy is a Gujarat-based balance of plant solutions provider in Wind Industry. It is engaged in processes right from conceptualization till the commissioning of a wind energy project.
For the quarter ended September 2022, the company reported a net profit of ₹6.51 crore on a revenue of ₹55.34 crore.
The filing for the stock exchange said: “With reference to the above subject and pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 5, 2023, inter-alia: 1. To consider and approve the proposal for alteration in the capital of the Company by sub-division/split of existing equity shares of the Company having face value of Rs. 10/- each, fully paid up. 2. To consider and approve the regularization of appointment of Mr. Rajendra Kundanlal Desai (DIN: 00198139) as Non-Executive Independent Director of the Company. 3. Any other matter. with the permission of the Chair."
In August, the company said it bagged an order worth ₹222 crore to develop wind energy projects at Bhungar and Fulsar site at Mahuva, Bhavnagar, Gujarat for Aditya Birla Group with scheduled commissioning in March 2023.
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