SSPL WEALTH PVT LTD

Friday 27 Dec, 2024 06:15 AM

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Redtape rises after board OKs bonus issue, interim dividend

26-Dec-24 15:48 Hrs IST

The company will issue three new fully equity shares of Rs 2 each for every one existing fully paid-up equity share of Rs 2 each. It's board will issue 41,46,05,700 equity shares of Rs 2 each would be issued as bonus shares.

Further the company has declared interim dividend of Rs 2 per share for FY25. On 20th December 2024, the company has been fixed record date as Friday, 3 January 2025 for interim dividend.

Redtape is engaged in the business of retail sale of Footwear, Garments & apparels and allied products and is also a manufacturer of footwear.

The company's consolidated net profit declined 9.63% to Rs 25.07 crore in Q2 FY25 as compared with Rs 27.74 crore in Q2 FY24. Revenue from operations jumped 28.05% YoY to Rs 415.80 crore in Q2 FY25.

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