Board Meeting Outcome under Regulation 30 of SEBI(LODR)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.2 pts less than Nifty Microcap 250 and 6.7 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ajcon Global Services' board has approved a sub-division/split of equity shares at a 1:10 ratio — each existing share with a face value of ₹10 will be split into 10 shares with a face value of ₹1. The company's issued share count will rise from around 61.16 lakh shares to roughly 6.12 crore shares, while total share capital value stays unchanged. The proposal requires shareholder approval through a postal ballot, and the record date will be announced later. The company expects to complete the process within 3 months of shareholder approval. The stated rationale is to improve liquidity in the stock and make shares more affordable for retail investors.
Stock splits do not change the company's overall valuation but typically lower the per-share price, which can improve affordability and trading volumes. Existing shareholders will automatically hold 10 times more shares after the record date, proportionate to their current holdings.