JBM Auto Ltd board approves stock split

The Board of Directors of JBM Auto Ltd had considered and approved and recommended the proposal of sub-division of Equity Share having face value of Rs. 5 /- each fully paid up into Equity Shares having face value of Rs. 2/- each fully paid up at the record date to be determined as authorized by the Board of Directors, subsequent to the approval of shareholders through Postal Ballot (e-voting process).

The board also approved alteration of 'Capital Clause - Clause V' of the Memorandum of Association of the Company.

Shares of JBM Auto Limited was last trading in BSE at Rs. 1128.45 as compared to the previous close of Rs. 1106.30. The total number of shares traded during the day was 16213 in over 1779 trades.

The stock hit an intraday high of Rs. 1165.65 and intraday low of 1086.10. The net turnover during the day was Rs. 18448121.00.

Source : Equity Bulls

Keywords

JBMAutoLimited INE927D01028 532605 JBMA StockSplit Subdivision