JSW Dulux Board Approves 1:10 Stock Split

JSW Dulux Ltd announced that its Board of Directors has approved a stock split, subject to shareholder approval. The existing equity shares with a face value of Rs. 10 each will be sub-divided into 10 equity shares of Rs. 1 each. This corporate action also necessitates alterations to the company's Memorandum and Articles of Association. The record date for the split will be determined and announced after shareholder and regulatory approvals. The company's authorized share capital will be adjusted to Rs. 1,26,69,00,000 divided into 1,26,69,00,000 equity shares of Re. 1 each.