Split7 Aug 2026, 03:54 pm
Spice Islands Fixes Aug 28 Record Date for 1:5 Stock Split
AI Summary
Spice Islands Industries Ltd has announced August 28, 2026, as the record date for its upcoming stock split. This corporate action, approved by shareholders at the AGM on August 7, 2026, will see each equity share with a face value of ₹10 sub-divided into five equity shares, each with a face value of ₹2. The new shares will rank pari passu with existing shares. This move aims to increase liquidity and make the shares more accessible to a wider investor base.
Key Highlights
- Record date for stock split fixed as August 28, 2026.
- Each ₹10 share to be split into five ₹2 shares.
- Shareholder approval obtained at AGM on August 7, 2026.
- Aims to enhance share liquidity and accessibility.
Price Impact
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