PG Electroplast Limited has informed the Exchange regarding 'Clarification On The Notes To The Financial Results For The Year Ended March 31, 2025'.
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PG Electroplast has issued a clarification to the stock exchanges correcting an unintentional typographical error in Note 6 of the notes to accounts forming part of its Consolidated Audited Financial Results for the quarter and year ended March 31, 2025. The corrected note confirms that the Board of Directors, at its meeting on May 22, 2024, approved the sub-division (stock split) of each equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 each, fully paid-up, and the corresponding alteration of the Capital Clause of the Memorandum of Association. The company has stated that this correction pertains only to the wording of the note and does not change the underlying financial results, which were already approved by the Board earlier on May 12, 2025.
This is a purely administrative/clerical correction with no impact on financials, share price, or shareholder value. It restates a previously approved stock split detail for clarity and should not concern investors beyond noting that the 10:1 stock split approved in May 2024 stands confirmed.