record date for the purpose of subdivision/split of shares
Price
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Awaiting price reaction for this filing.
Rajasthan Tube Manufacturing Company Ltd has fixed Monday, April 21, 2025 as the record date to determine shareholders entitled to a stock split. Every existing equity share with a face value of Rs. 10 will be sub-divided into 10 equity shares with a face value of Re. 1 each, fully paid-up. The split was approved by shareholders at an Extraordinary General Meeting held on March 29, 2025, following earlier intimations on March 5 and March 6, 2025. The BSE scrip code is 530253. No book closure has been announced; eligibility will be based on shareholding on the record date.
Eligible shareholders will automatically receive 10 shares of Re. 1 for every 1 share of Rs. 10 held on the record date, increasing share count tenfold while proportionally reducing the per-share price. The overall investment value remains unchanged, but the lower per-share price may improve affordability and trading liquidity.