JSW Dulux Board Approves 1:10 Equity Share Split

JSW Dulux Ltd's Board of Directors has approved a sub-division of its equity shares, splitting each existing share of face value Rs. 10 into ten shares of face value Re. 1. This corporate action is subject to shareholder approval via postal ballot and necessary regulatory clearances. The company also proposed alterations to its Memorandum and Articles of Association to reflect this change. The authorized share capital will be Rs. 1,26,69,00,000 divided into 1,26,69,00,000 equity shares of Re. 1 each. The record date for the split will be announced after shareholder approval.