The Board of Directors of KCD Industries India Limited (BOM: 540696) approved the sub-division/split of the company’s existing equity shares at a meeting held on January 4, 2023. The equity shares, which have a face value of INR 5 (Rupees Five) each, will be split into five equity shares with a face value of INR 1 (Rupee One) each, subject to approval by the members. The equity shares will be fully paid-up.
The Board of Directors of KCD Industries India Limited passed a resolution at a meeting held on September 10, 2022 to increase the authorized share capital of the company up to INR 12,00,00,000 (Rupees Twelve Crore) divided into 2,40,00,000 (Two Crore Forty Lakh) equity shares with a face value of INR 5 (Rupees Five) each. This resolution supersedes a previous one and is subject to approval by the members of the company. The Memorandum of Association of the company will also be amended as a result.
The board of KCD Industries India Limited will announce a record date for the sub-division/split of equity shares at a later time.
KCD Industries India Ltd shares were last traded on the BSE at INR 98.70, up from the previous close of INR 96.90. A total of 510 shares were traded during the day, with over 27 trades recorded.
For Latest News Click Here
