StockWatch
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Specialty Chemicals
Split15 Jun 2026, 03:08 pm

Indian Toners fixes July 17 for 1:5 stock split record date

AI Summary

Indian Toners & Developers Limited announced that its Board of Directors has fixed Friday, July 17, 2026, as the record date for its stock split. The company's shareholders approved the subdivision of equity shares via postal ballot on June 12, 2026. The stock split will change the face value of each equity share from Rs. 10 to Rs. 2, effectively splitting each existing share into five new shares. This corporate action aims to enhance liquidity and make the shares more accessible to a wider investor base.

Key Highlights

  • Record date for stock split fixed as July 17, 2026.
  • Equity shares to be split in a 1:5 ratio.
  • Face value per share to reduce from Rs. 10 to Rs. 2.
  • Shareholders approved the split via postal ballot on June 12, 2026.