Board approves AGM, dividend, stock split update, new auditor
MWL · price
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Board approved 30th AGM on July 30, 2026 via video conferencing. Record date July 17 for final dividend of Rs. 0.30 per equity share (face value Rs. 10). Postal ballot-approved stock split from Rs. 10 to Re. 1 noted, with dividend adjusted proportionally. New auditor M/s. N. K. Aswani and Co. appointed for 5 years, replacing M/s. Keyur Shah and Co. Board also cleared an enabling resolution for conversion of loans or debt into equity and substitution of secured assets in listed NCDs.
Stock split of 10-to-1 to take effect, small dividend payout, and potential share dilution from debt-to-equity conversion subject to approvals.