Dividend/BonusCorp. Action

Gujarat Natural Resources Limited's Board has approved a stock split, transforming one equity share with a face value of Rs. 10 into ten new shares, each with a face value of Re.

Gujarat Natural Resources Ltd513536 · Filed with the exchange

1. This move aims to boost share liquidity and broaden the investor base by making shares more affordable.

The company's authorized capital will remain Rs. 165.00 Cr, but will be divided into 1,650,000,000 shares of Re.

1 each.

Similarly, the paid-up capital will remain Rs. 153.40 Cr, represented by 1,534,026,320 shares.

This alteration is pending approval from shareholders.

Read the original filing(PDF)

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