StockWatch
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Other Textile Products
Split2 Sept 2026, 04:21 pm

Jattashankar Industries Approves 1:10 Equity Share Split

AI Summary

Jattashankar Industries Ltd announced a significant board resolution approving the sub-division of its equity shares. Each fully paid-up equity share of face value Rs. 10 will be split into 10 shares of face value Re. 1. This move aims to enhance liquidity and make shares more accessible to retail investors. The company also rescinded a previous resolution to shift its registered office within Maharashtra and has now approved shifting it from Maharashtra to Gujarat, subject to shareholder and regulatory approvals. The 38th Annual General Meeting is scheduled for September 28, 2026, to seek shareholder consent for these changes.

Key Highlights

  • Board approved a 1:10 equity share sub-division.
  • Share split aims to increase market liquidity and investor accessibility.
  • Registered office shifting from Maharashtra to Gujarat approved.
  • Previous resolution for office shift within Maharashtra rescinded.
  • 38th AGM scheduled for September 28, 2026, for approvals.