Eraaya Lifespaces Limited (formerly Justride Enterprises Limited) has announced that its board of directors will meet on Saturday, October 19, 2024, to consider a stock split among other key business matters. The company aims to enhance liquidity and attract greater investor participation through the proposed split in the nominal value of its equity shares.
Apart from the stock split, the board will also discuss key appointments, including Mr. Arun Batra as Director-Operations and Mr. Vivek Dave as an Independent Director, and review the progress of its Environmental, Social, and Governance (ESG) policies to promote sustainable growth.
The decision to split the stock comes as part of the company’s strategy to realign its operations and improve accessibility for investors.
The trading window for the company’s securities has been closed since October 1, 2024, and will remain closed until 48 hours after the board meeting’s outcome is announced.
Disclaimer: The information provided is for informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
