IT Sector Penny Stock Fixes Record Date For 1:2 Stock Split, Stock Rallied 3.70%

Avance Technologies Ltd., a microcap penny stock from IT Sector, on 20th March 2023, declared “Record Date” as March 31, 2023, for 1:2 stock split. On 13th February 2023, the company declared the stock split. Avance Technologies Ltd. is in the business of Software and Hardware Resale that helps Companies of all sizes Harness the power of mobile to reach to their customers. It has a market capitalisation of Rs 11.10 crore.

Stock’s Current Market Price, Returns & 52-Week Low/High

This is a BSE-listed penny stock, last traded at Rs 0.56 apiece, up 3.70% as compared to its previous close. According to BSE, the stock’s 52 week low is Rs 0.36 apiece and 52 week high is Rs 0.56 apiece, respectively.
In a week, it has given 21.74% positive return. In 1 month, it has given 47.27% positive return. In 3 months, it has given 51.35% positive return. It has given 14.29% positive return in the past 1 year. However, in the past 5 years, it has given 47.66% negative return.

Record Date for sub-division/split of equity shares of the Company

According to the regulatory filing by the Board of Directors of Avance Technologies Ltd. on 22 March 2023, “This is to inform to the exchange that members of the Company passed the resolution for approval of sub-division/split of Equity Shares of the Company through postal ballot on 19th March 2023. Accordingly, Equity Shares of the company have been sub-divided from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten Only) each, fully paid-up into 2 (Two) Equity Shares having face value of Rs. 5/- (Rupees Five Only) each fully paid up. The Board of Directors of the company has fixed Friday, 31st March 2023 as the ‘Record Date’ for determining the eligibility of Shareholders for the purpose of sub-division/split of Equity Shares of the Company.”

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