Dividend/BonusStock split
The Board has approved a split of each equity share from a face value of ₹10 into five shares of ₹2 each, subject to shareholder approval via Postal Ballot.
IOL Chemicals and Pharmaceuticals LimitedIOLCP · Filed with the exchange
This move aims to make shares more accessible and attractive to a broader range of investors, potentially enhancing market liquidity.
Post-split, the authorized and paid-up capital will remain at ₹80 Cr, with the number of paid-up shares increasing from 5.87 Cr to 29.35 Cr.
The Record Date for determining eligibility will be announced later, with completion expected within two months post-approval.
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