StockWatch
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Other Industrial Products
Split3 Jul 2026, 11:22 am

Simplex Castings Ltd Announces Equity Share Split Record Date

AI Summary

Simplex Castings Ltd has announced the record date for the sub-division of its equity shares. The company's Board of Directors has fixed July 20, 2026, as the record date for determining shareholder eligibility for the split. Each equity share with a face value of Rs. 10/- will be sub-divided into 5 equity shares of Rs. 2/- each. This corporate action follows shareholder approval obtained through a postal ballot on July 2, 2026. The split aims to enhance liquidity and make shares more accessible to a wider investor base.

Key Highlights

  • Record date set for July 20, 2026, for equity share sub-division.
  • Each Rs. 10 face value share to be split into 5 shares of Rs. 2 face value.
  • Shareholder approval for the split was received on July 2, 2026.
  • The split is intended to improve share liquidity and accessibility.