Fixed the record date for ascertaining eligibility of shareholders for the purpose Sub-division (stock split) of every 1 (One) equity share of face value of Rs. 2.00/- each into 02 (Two) ....
Awaiting price reaction for this filing.
Murae Organisor Ltd has fixed Wednesday, June 11, 2025, as the record date to determine which shareholders are eligible for the upcoming stock split. Under the split, every 1 equity share with a face value of Rs. 2 will be divided into 2 equity shares with a face value of Re. 1 each. This effectively doubles the number of shares held by each eligible shareholder while halving the face value per share. The decision was taken at a board meeting held on May 30, 2025.
Shareholders holding shares as of the record date will see their share count double and the face value per share halve after the split is effective. Stock splits are typically viewed positively as they improve liquidity and make the stock more affordable for retail investors, though they do not change the underlying value of the company.