Revised Outcome of Board Meeting held on 22nd August 2025
RMDRIP · price
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The company has revised the outcome of its board meeting held on 22nd August 2025 to correct clerical and typographical errors in the earlier announcement. The key resolution is the approval for sub-division (stock split) of 1 equity share of face value ₹10 into 10 equity shares of face value ₹1 each, fully paid-up. This sub-division is subject to the approval of shareholders at the ensuing Annual General Meeting. The record date for the stock split will be decided after obtaining shareholder approval. Other than these corrections, there is no change in the original board meeting outcome.
If approved, the stock split will increase the number of shares held by each shareholder by 10x with a proportional reduction in share price, making the stock more affordable and liquid for retail investors. The total value of holdings remains unchanged. Shareholders should watch for the AGM date and the subsequently announced record date.