Hindusthan Insulators & Industries Limited has communicated with shareholders holding physical shares regarding its recently approved stock split.

The company is advising these shareholders to dematerialize their physical holdings to facilitate the direct credit of the new sub-divided equity shares.

Following the split, one existing equity share of Rs. 10 face value will convert into five shares of Rs. 2 face value.

Dematerialization is essential for shareholders to receive their adjusted shares smoothly in their demat accounts.