India Glycols Limited has informed the Exchange that the Board of Directors at its meeting held on May 30, 2025, has considered and approved subdivision of 45000000 equity shares of 10 each into 90000000 equity shares of 5 each.
INDIAGLYCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Glycols Limited has announced that its Board of Directors, at a meeting held on May 30, 2025, approved the sub-division of its equity shares. The existing 4.5 crore equity shares with a face value of ₹10 each will be split into 9 crore equity shares with a face value of ₹5 each. This is effectively a 2:1 stock split, doubling the number of shares and halving the face value. The move is subject to shareholder and other necessary approvals. The record date for the split is yet to be announced.
A stock split makes shares more affordable for retail investors and typically improves liquidity. It does not change the company's market capitalisation or the intrinsic value of each investor's holding, though short-term price adjustments are expected.