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.

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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.

Read the original filing(PDF)

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