The board of directors at Share India Ltd. has decided on the record date for identifying eligible shareholders for the stock split. The record date for the stock split has been set as June 27, 2024, with the company opting for a 1:5 ratio split.
Share India Stock Split 2024
Share India has informed the stock market exchanges about the record date for the stock split, stating, “We are pleased to inform you that the Company has fixed the Record Date for the sub-division of equity shares.” The record date for the stock split has been scheduled for June 27, 2024.
Explaining the purpose of setting the record date, Share India mentioned, “Determining the eligibility of shareholders for sub-division of every 1 (one) equity share of the face value of Rs. 10/- (Rupees Ten only) each into 5 (five) equity shares of the face value of Rs. 2/- (Rupees Two only) each.”
Share India News
Earlier, the company released its Financial Results for the Quarter and year ended March 31, 2024, showcasing a strong performance. The revenue for the Quarter ended March 31, 2024, stood at ₹465 crore, marking a significant growth of 36.6% YoY. EBITDA grew by 11.4% YoY, reaching ₹175 crore. PAT saw a growth of 8.3% YoY, reaching ₹116 crore. For the year ended March 31, 2024, the revenue was reported at ₹1483 crore, a notable growth of 36.3%. EBITDA was reported at ₹663 crore, a significant growth of 31.5%. PAT came in at ₹426 crore, showing a strong growth of 28.8% YoY.
Recently, Share India received a CRISIL A+/ Stable Rating (Long Term Rating), and CRISIL A1+ (Short Term Rating), indicating the company’s financial stability and its ability to meet its financial obligations. This should provide confidence to shareholders and investors regarding the company’s future prospects.
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