Small cap company operating in stockbroking & allied industry, Monarch Networth Capital Ltd today recommended 1:1 bonus share for its investors. The company held meeting of Board of Directors today and approved an equity fundraise of Rs 300 crores at crores at Rs 560 per share through preferential allotment. The company's net profit has soared from Rs. 2 crores in FY-20 to Rs. 123 crores in FY-24 which signifies the company's unwavering commitment towards growth, according to the company's press release. Last trading price of Monarch Networth Capital share on BSE is Rs 612.35 per share. Monarch Networth Capital Ltd shares offered return of 143% in last 2-years and gained 97% in last 1-year.
The company recommended final dividend of Re 1 per equity share of Rs 10 each and fixed August 2 as the record date. More details below:
As per the regulatory filing of Monarch Networth Capital issued as on July 28, 2024, "approved Issue of Bonus Shares by way of capitalization of reserves, to the equity shareholders of the Company in the ratio of 1:1 i.e., 1 (One) new fully paid-up Equity Shares of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up Equity Share of Rs. 10/- (Rupees Ten only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to approval by members and any other applicable statutory and regulatory approvals."
The BSE filing added, "approved issue of 53,60,951 fully paid-up equity shares of face value of Rs. 10/- each, on a preferential basis to identified persons for cash, at an issue price of Rs. 560/- per equity share (including Rs. 550/- as premium amount) aggregating of Rs. 300,21,32,560/-, subject to the approval of the shareholders of the Company and such other regulatory and / or statutory approvals, as applicable."
The BSE filing of Monarch Networth Capital dated July 23, 2024 stated, "The Board of Directors at its meeting held on Friday, May 24, 2024 had recommended a final dividend of Re 1 per equity share of Rs 10 each of the Company for approval by the shareholders at ensuing Annual General Meeting ('AGM'). The Company has fixed Friday, August 2, 2024, as the Record Date for determining entitlement of Members to final dividend for the financial year ended March 31, 2024."
Monarch Networth Capital shares offered attractive returns of 17% in last 1-week, zoomed 40% year-to-date, and offered returns of 358% in last 3-years. Monarch Networth shares surged 2349% in last 5-years. The 52-week high price of Monarch Networth Capital share on BSE is Rs 690.30 per share (as on 16/02/2024) and 52-week low price is Rs 303.05 per share (as on 27/07/2023), respectively.
The company for the quarter ended June 30, 2024 declared its consolidated total income at Rs 84.95 crore, up 12.54% from last quarter total income of Rs 75.48 crore. It announced its net profit after tax in the latest quarter at Rs 40.06.
Monarch Networth Capital Limited is a financial services provider. It is specifically engaged in share and stock broking, merchant banking, and mutual fund distribution. The small cap company came into existence in 1993.
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Name of the Company has changed from Networth Stock Broking Limited to Monarch Networth Capital Limited upon Certification of Incorporation received from Registrar of Companies, Mumbai vide certificate dated 13th October, 2015.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L65920GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad - 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Email for Grievance: grievances@mnclgroup.com
Investors are requested to note that Stock broker (Monarch Networth Capital Ltd) is permitted to receive money from investors through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock broker (Monarch Networth Capital Ltd) is also required to disclose these USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only (Click to View) for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker".
Mechanism for addressing grievances and information about SCORES.
Mechanism for addressing grievances and information about SCORES.
Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L65920GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
Listing of Equity Shares on Stock Exchange at
BSE
NSE
(Formerly known as Link Intime India Private Limited)
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