Gujarat Natural Resources Approves 1:10 Stock Split

Gujarat Natural Resources Ltd announced a stock split of its equity shares. The Board of Directors approved the sub-division of 1 equity share of face value ₹10 into 10 equity shares of face value ₹1 each. This move is subject to shareholder approval at the upcoming Annual General Meeting. The company aims to enhance liquidity and broaden its shareholder base by making shares more accessible. The authorized share capital will remain ₹1,65,00,00,000, but the number of equity shares will increase from 165,000,000 to 1,650,000,000. Paid-up and subscribed capital will also reflect this split. The completion is expected within two months post-approvals.