The Company has fixed the record date for the purpose of determining the eligibility of shareholders for the purpose of sub-division or split of every fully paid up equity share of Rs. ....
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Virat Leasing Ltd has fixed Friday, 16th May 2025 as the record date for a stock split. Every one fully paid-up equity share with a face value of Rs. 10 will be sub-divided into two equity shares with a face value of Rs. 5 each. The split was approved by shareholders at an Extra-Ordinary General Meeting held on 25th April 2025. Shareholders holding shares as of the record date will be eligible for the split. The company has informed BSE under Regulation 42 of SEBI LODR Regulations, 2015.
The stock split improves liquidity by lowering the per-share price, making it more affordable for retail investors. Existing shareholders' total holding value remains unchanged, as the number of shares will simply double.