Pursuant to Regulations 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the meeting of ....
ELITECON · price
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Elitecon International Ltd has informed the stock exchanges that its Board of Directors will meet on April 30, 2025, to consider and approve a proposal for sub-division (stock split) of the company's equity shares, which currently have a face value of Rs. 10 each. The exact split ratio and other related matters will be determined by the Board. The proposal will also require approval from shareholders and any necessary regulatory/statutory authorities. The communication is filed under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements, 2015. The letter is signed by Vipin Sharma, Managing Director of the company.
If approved, the stock split would lower the per-share price, making the stock more affordable and liquid for retail investors. Historically, stock splits are generally viewed as a positive signal by the market, though the actual face value ratio is yet to be announced.