Shares of Jeena Sikho Lifecare Ltd gained 2.93% to trade at ₹2,335.90 on April 15 after the company announced a board meeting scheduled for April 21, 2025. The agenda includes two significant proposals that have caught investor attention.
In its regulatory filing to the National Stock Exchange, the company stated that the board will consider a sub-division or stock split of equity shares currently having a face value of ₹10 each. If approved, this move will make the stock more affordable to retail investors and improve liquidity. The split will also require an amendment to the company’s Memorandum of Association.
Additionally, Jeena Sikho Lifecare is preparing to migrate its equity shares from the NSE’s SME platform (Emerge) to the main board of both NSE and BSE. The transition to the main board is typically viewed as a positive signal, indicating strong fundamentals and compliance standards.
The proposals, if cleared by the board, will require subsequent approvals from shareholders and regulatory authorities. Until then, the trading window for company insiders remains closed in compliance with SEBI regulations.
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