IOL Chemicals and Pharmaceuticals has announced a board meeting to establish Tuesday, 11th March 2025 as the record date for the sub-division of equity shares.

Shareholders will receive 5 new shares of face value ₹2 (Rs. 2) each for every 1 share of face value ₹10 (Rs. 10) currently held.

This split aims to enhance liquidity and may attract a broader investor base, effectively increasing the number of shares and lowering the price per share in the market.