To consider & approve the sub division/ split of the existing Equity Shares of the Company by altering the capital Clause of Memorandum of Association (MOA) of the Company subject to the ....
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Awaiting price reaction for this filing.
Ajcon Global Services Ltd has informed BSE that its Board of Directors will meet on April 28, 2025 to consider and approve a sub-division or split of the company's existing equity shares, which currently have a face value of Rs. 10 each. The exact split ratio will be determined by the Board, but the proposal still needs shareholder and regulatory approvals before it can take effect. The company has also closed its trading window for insiders from April 1, 2025 until 48 hours after the declaration of audited financial results for the quarter and year ending March 31, 2025. No specific split ratio has been disclosed in this intimation.
If approved, a stock split will increase the number of shares outstanding and reduce the per-share price, making the stock more affordable for retail investors and potentially improving liquidity. The actual impact on shareholder value is neutral—it does not change the company's market capitalisation—but sentiment could turn positive if the split improves trading activity.