KCD Industries India Ltd board approves stock split

The Board of Directors of KCD Industries India Limited at their meeting held on 04th January 2023 at the Registered Office of the Company, considered and approved the Sub-Division / Split of existing equity share of the Company from 1 (one) equity share having face value of Rs. 5/- (Rupees Five only) each to 5 (five) equity shares having face value of Re. 1/- (Rupee One only) each. fully paid-up, subject to approval of members.

In suppression of resolution passed at the Board Meeting held on 10th September 2022, Increase in Authorised Share Capital upto Rs. 12,00,00,000/- (Rupees Twelve Crore only) divided into 2,40,00,000 (Two Crore Forty Lakh) equity shares of the Company, having a face value of Rs. 5/- (Rupees Five only) each and consequent alteration of the Memorandum of Association of the company, subject to the approval of members of the company.

The record date for sub-division/split shall be decided by the board and will be announced later.

Shares of KCD Industries India Ltd was last trading in BSE at Rs. 98.70 as compared to the previous close of Rs. 96.90. The total number of shares traded during the day was 510 in over 27 trades.

The stock hit an intraday high of Rs. 98.90 and intraday low of 95.50. The net turnover during the day was Rs. 49965.00.

Source : Equity Bulls

Keywords

KCDIndustriesIndia INE185U01027 StockSplit Subdivision 5For1