The board of directors of Share India Ltd. has announced the record date to determine the eligible shareholders for the stock split benefit, setting it for June 27, 2024. The company has declared a stock split in a ratio of 1:5.
Share India informed the Indian stock market’s bourses about the stock split record date, stating, “We are pleased to inform you that the Company has fixed the Record Date for the sub-division of equity shares.” The stock split record date has been finalized for June 27, 2024.
Additionally, Share India clarified the purpose of setting the stock split record date, stating it is to determine the eligibility of shareholders for the subdivision of every 1 equity share of face value Rs. 10/- into 5 equity shares of face value Rs. 2/- each.
Earlier, the company announced its Financial Results for the Quarter and year ended March 31, 2024, showcasing a robust performance. The revenue for the quarter ended March 31, 2024, stood at ₹465 crore, marking a substantial growth of 36.6% YoY. EBITDA and PAT recorded notable growth figures as well, reflecting the company’s strong financial health and commitment to delivering value to shareholders.
Furthermore, Share India recently received high credit ratings from CRISIL, demonstrating its financial stability and ability to meet obligations, which should bolster confidence among shareholders and investors regarding the company’s future prospects.
