
Jai Balaji Industries has officially announced a stock split, where each ₹10 equity share will be sub-divided into 5 shares with a face value of ₹2 each.
Key Details:
- Record Date: January 17, 2025
- Share Split Ratio: 1 equity share (₹10) to 5 equity shares (₹2 each)
- Shareholder Approval: Granted via postal ballot on December 19, 2024
The total paid-up capital of the company remains ₹1,82,45,02,860. The stock split aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investors holding shares as of the record date will be eligible for the revised equity shares. This strategic step aims to improve market participation and enhance shareholder value.
In the meantime, Jai Balaji Industries’ shares opened at ₹925.00, reaching a high of ₹933.90 and a low of ₹900.05 today. The stock’s 52-week range highlights a high of ₹1,314.00 and a low of ₹703.40.