Outcome of Board Meeting Dated April 24th , 2025 along with Additional Details as per SEBI Circular dated 13.07.2023 regarding Disclosure of material events/ information by listed entities ....
Awaiting price reaction for this filing.
Murae Organisor Ltd's board, meeting on April 24, 2025, approved a 1:2 stock split subject to shareholder approval via postal ballot. Each equity share with a face value of ₹2 will be split into 2 shares with a face value of ₹1 each, with the paid-up capital remaining unchanged at ₹185.89 crore. The company stated the split is aimed at improving share liquidity and making shares more affordable for retail investors. Vishakha Agrawal, Practicing Company Secretary, was appointed as scrutinizer for the postal ballot e-voting process, with the cut-off date set as April 25, 2025. The stock split is expected to be completed within approximately 2 months.
A stock split lowers the per-share price, which can improve liquidity and attract more retail participation, but it does not change the company's fundamentals or total shareholder value. Shareholders will automatically hold twice the number of shares at half the price post-split.