Colorchips New Media Ltd board recommends stock split

The Board of Directors of Colorchips New Media Ltd at their Meeting held on Thursday, 01 September, 2022 have recommended the Split / Sub-division of shares of the Company from Face Value of Rs.10/- each to Face Value of Rs.2/- each, subject to the approval of Members of the Company in the 37th Annual General Meeting.

Pursuant to the aforesaid sub-division of shares, if the same has been approved by Members of the Company in the 37th Annual General Meeting, the Board has recommended to alter the Capital Clause i.e., Clause V of the Memorandum of Association of the Company.

Source : Equity Bulls

Keywords

ColorchipsNewMedia StockSplit SubDivision