KSS Ltd Board approves Sub-division of equity shares

The Board of Directors of KSS Ltd at its meeting held on January 08, 2015, has considered and approved the proposal for sub-dividing the face value of each equity share of Rs. 10/- into 10 (ten) Equity Share of Re. 1/- each.

The Board has further decided to obtain shareholders approval through the process of Postal Ballot for obtaining consent of the members for the sub-division of shares and appropriate alteration to the Memorandum & Articles of Association of the Company.

The Board has appointed Mr. Vishal N. Manseta, Practicing Company Secretary as the scrutinizer for the purpose of conducting the Postal Ballot process in a fair and transparent manner.

The Board formed committee consisting of four members for the purpose of rollout plan of 4K technology in the Digital Cinema vertical.

No recommendation of dividend as per the suggestion given by the Auditors of the Company.

Shares of KSS Limited was last trading in BSE at Rs.4.07 as compared to the previous close of Rs. 4.28. The total number of shares traded during the day was 6118845 in over 3326 trades.

The stock hit an intraday high of Rs. 4.49 and intraday low of 4.07. The net turnover during the day was Rs. 25802756.

Source : Equity Bulls

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