BSE announces 1:10 split for multibagger stocks: record date & details

BSE Listed Companies Achieve Record Market Cap of Rs. 291.89 Lakh Cr

Key Points of Artemis Electricals and Projects Stock Split Record Date:

  • Artemis Electricals and Projects Limited, a small-cap company listed on the Bombay Stock Exchange (BSE), has announced a record date for stock split on March 31, 2023.
  • The company’s board of directors has already declared stock subdivision in a 1:10 ratio, which means that one stock of the company will be divided into ten fresh paid-up capitals of the BSE listed company.
  • This move has been confirmed by the BSE, which has issued a notification in this regard.
  • The existing equity shares of Artemis Electricals and Projects Limited will be sub-divided from one equity share of ₹10/- each into ten equity shares of Re. 1/- each.
  • The record date for stock subdivision has been fixed on March 31, 2023.
  • Artemis Electricals and Projects Limited has been a multibagger stock for investors, rising by 25% in the last month and over 80% YTD.
  • Over the last year, the stock has risen by over 125%, delivering multibagger returns to its long-term shareholders.

Details of Artemis Electricals and Projects Stock Split Record Date:

Artemis Electricals and Projects Announces Stock Split Record Date

Artemis Electricals and Projects Limited, a small-cap company listed on the Bombay Stock Exchange (BSE), has announced a record date for stock split on March 31, 2023. The company’s board of directors has already declared stock subdivision in a 1:10 ratio, which means that one stock of the company will be divided into ten fresh paid-up capitals of the BSE listed company. This move has been confirmed by the BSE, which has issued a notification in this regard.

According to the BSE notice, the existing equity shares of Artemis Electricals and Projects Limited will be sub-divided from one equity share of ₹10/- each into ten equity shares of Re. 1/- each. The record date for stock subdivision has been fixed on March 31, 2023.

In compliance with Regulation 42 of the SEBI (LODR) Regulations, the company had previously notified the announcement related to the record date for the split of Ordinary (equity) Shares until March 31, 2023, and informed the recommendation of the Board subject to the approval of shareholders for the sub-division of the Ordinary (equity) Shares of face value ₹10/- (Rupees Ten) each into Ordinary (equity) Shares of face value of ₹1/- (Rupee one) each. The company has now fixed March 31, 2023, as the ‘Record Date’ for the purpose of determining the eligibility of shareholders for the sub-division of the Ordinary (equity) Shares.

Artemis Electricals and Projects Limited has been a multibagger stock for investors, rising by 25% in the last month and over 80% YTD. Over the last year, the stock has risen by over 125%, delivering multibagger returns to its long-term shareholders.

About Artemis Electricals and Projects:

Artemis Electricals and Projects is a company that specializes in indoor and outdoor lighting solutions. Their product range includes light-emitting diode (LED) focus, surface, spot, street, plastic body panel, and down lights. The company caters to customers in India.

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