Small-cap company in the plywood boards/laminates industry Rushil Decor Ltd, announced stock split is in the ratio of 1:10. The company has fixed August 9, 2024, Friday, as their record date.
“This is to inform you that the Company has fixed Friday, 9th August, 2024 as the “Record Date” for determining entitlement of Equity Shareholders for the purpose of subdivision/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 10 (ten) equity shares having face value of Re. 1/- (Rupee one only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders,” the company said in an exchange filing.
According to the company’s statement, the split aims to increase the liquidity of its equity shares and make them more accessible to retail investors, thereby encouraging greater participation in the company’s shares.
Over the past six months, Rushil Decor shares have declined by more than 9%, while over the past year, they have risen by 19%.
