Mafatlal Industries Board Announces Stock Split

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The division (split) of the existing equity shares of the company from one (1) equity share with a face value of Rs. 10/- each (fully paid-up) into five (5) equity shares with a face value of Rs. 2/- each was among the items the board of directors of the company, at its meeting held today, i.e., September 17, 2022, considered and unanimously approved (fully paid-up). In due order, notice of the Record Date for such a sub-division (split) of equity shares will be provided.

Stock split details of Mafatlal Industries as per the data available on stock exchanges

Pre-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 10,00,00,000 shares

Face Value (Rs.)- 10

Total Shares Capital (Rs.): 1,00,00,00,000

(Issued Paid-up and subscribed Capital)

No. of Shares: 1,40,96,486

Face value: ₹10/-

Total Shares Capital (Rs.): 14,09,64,860

Post-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 35,00,00,000 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 70,00,00,000. 3,00,00,000 (Preference Shares), Face Value (Rs.) 10/-, Total Shares Capital (Rs.) 30,00,00,000.

(Issued Paid-up and subscribed Capital)

No. of Shares: 7,04,82,430 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 14,09,64,860.

Expected time of completion: Within 2 months from approval of the shareholders and subject to necessary approvals.

The Existing authorised capital of the Company is divided into two parts. Equity Share 1,42,45,081 of Rs. 10/- each Rs. 14,24,50,810/- and Unclassified Shares 8,57,54,919 of Rs.10/- each Rs. 85,75,49,190/-.

The Authorized Share Capital of the Company is INR 1,00,00,000,00/- (Indian Rupees One Hundred Crore only), divided into (i) 35,00,00,000 (Thirty-Five Crore Only) equity shares of INR 2/- (Indian Rupees Two only) each. (ii) 3,00,00,000 (Three Crore Only) preference shares of INR10/- (Indian Rupees Ten only) each.

The closing price of the shares of Mafatlal Industries Ltd. was Rs. 359.05, down 4.99% from the previous closure of Rs. 377.90. The stock has produced a multibagger return of 152.76% over the past year, and a multibagger return of 103.60% over the course of 2022.

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