Split30 Jun 2026, 02:03 pm
Midwest Gold Ltd Approves 1:10 Equity Share Split
AI Summary
Midwest Gold Ltd's Board of Directors has approved a sub-division of its equity shares, splitting each share with a face value of ₹10 into ten shares with a face value of ₹1. This move is subject to shareholder approval and aims to enhance liquidity and attract retail investors. The company will also alter its Memorandum of Association to reflect this change. The record date for the split will be announced later. The board meeting took place on June 30, 2026.
Key Highlights
- Board approved 1:10 equity share sub-division.
- Face value to change from ₹10 to ₹1 per share.
- Objective: enhance liquidity and retail investor participation.
- Requires shareholder and regulatory approvals.
- Record date to be announced separately.
Price Impact
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