Split6 Oct 2026, 02:02 pm
S.P. Apparels Sets Dec 10, 2026 as Record Date for Share Split
AI Summary
S.P. Apparels Ltd has announced December 10, 2026, as the record date for the sub-division of its equity shares. This decision was approved by the Board of Directors on October 6, 2026, and subsequently ratified by the shareholders at the 21st Annual General Meeting held on September 21, 2026. The sub-division will change the face value of each equity share from Rs. 10 to Rs. 2, effectively increasing the number of shares by a factor of five. The new shares will rank pari-passu with the existing ones.
Key Highlights
- Record date for equity share sub-division fixed as December 10, 2026.
- Face value of equity shares to be sub-divided from Rs. 10 to Rs. 2.
- Shareholders approved the sub-division at the AGM on September 21, 2026.
- The split will increase the total number of outstanding shares fivefold.
- New shares will have the same rights as existing equity shares.
Price Impact
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