Intimation/Fixation of Record date for Sub-Division/Split of Face Value of Equity Shares
Awaiting price reaction for this filing.
Shantai Industries Limited has fixed Friday, May 09, 2025, as the record date for a sub-division (split) of its equity shares. Under the proposed split, every 1 equity share of face value Rs. 10 will be sub-divided into 5 equity shares of face value Rs. 2 each, fully paid up. Shareholders holding shares as on the record date will be eligible to receive the split shares. The intimation has been made to BSE under SEBI Listing Regulations, 2015.
The stock split makes each share more affordable for retail investors, which can improve liquidity and broaden the shareholder base. Existing shareholders will automatically hold 5 times more shares post-split, though the overall value of their holding remains unchanged.