Outcome of Board Meeting for considering the proposal of sub-division
Awaiting price reaction for this filing.
The board of Hindusthan Insulators & Industries Ltd (formerly Hindusthan Urban Infrastructure Ltd) approved a sub-division of equity shares in the ratio of 1:5, splitting each share of face value Rs. 10 into 5 shares of face value Rs. 2. Paid-up equity shares will increase from 14,42,885 to 72,14,425, with total capital value remaining unchanged. The company also plans to change its name from 'Hindusthan Urban Infrastructure Limited' to 'Hindusthan Insulators & Industries Limited' and increase its authorised share capital from Rs. 100 crore to Rs. 108.50 crore. The rationale is to improve share liquidity and make shares more affordable for retail investors. All changes are subject to shareholder and other regulatory approvals, with expected completion within 2 months.
The split lowers per-share price, making the stock more accessible to small investors and potentially boosting trading liquidity. No impact on overall company valuation, though short-term price adjustment is expected once the split becomes effective.