The stock split of JTL Industries will result in each shareholder owning twice the number of shares they currently hold. The face value of each share will be reduced from Rs. 2 to Re. 1. This will not affect the overall value of the company or the shareholder’s investment.
- Ratio: JTL Industries has approved a 1:1 stock split, meaning that for every 1 share held with a face value of Rs 2, shareholders will receive 2 shares with a face value of Rs 1 each.
- Shareholders’ Approval: The stock split will be finalized after getting approval in the upcoming extraordinary general meeting (EGM).
- Date of Board Decision: The company’s board approved this decision on October 03, 2024.
