Synthiko Foils Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/09/2025 ,inter alia, to consider and approve Intimation of Board Meeting ....
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Synthiko Foils Limited has informed BSE that its Board of Directors will meet on Thursday, September 4, 2025. The key item on the agenda is to consider and approve a proposal for reclassification of share capital by consolidating every equity share of face value Rs. 5 each into equity shares of face value Rs. 10 each. This means shareholders will end up holding half the number of shares they currently own, but each share will have double the face value. The proposal is subject to approval from the company's shareholders. No change is being made to the total share capital of the company.
This is a share consolidation (reverse split) and does not affect the overall value of a shareholder's investment. Share count will halve while the per-share price typically adjusts upward proportionally. Shareholders should watch for the record date once it is announced.