Outcome of Board meeting held on April 14, 2025
Awaiting price reaction for this filing.
The board of Shantai Industries Ltd, at a meeting held on April 14, 2025, approved the sub-division of equity shares. Every 1 equity share with a face value of Rs. 10 will be split into 5 equity shares with a face value of Rs. 2 each. The record date for the sub-division has been fixed as Friday, May 09, 2025. Shareholders holding shares as on the record date will receive the split shares automatically. The meeting lasted from 4:00 PM to 4:30 PM and no other major business was transacted apart from the agenda items.
The sub-division improves liquidity by lowering the per-share price and making the stock more affordable for retail investors. Total shareholding value remains unchanged for existing shareholders, though the number of shares held will multiply by 5.