ADF Foods Ltd approves stock split

The Board of Directors of ADF Foods Limited at its meeting held today i.e. on Saturday, 6th May, 2023 has considered and approved the proposal for sub-division of 1 (One) equity share of the Company having face value of ₹10/- (Rupees Ten Only) each into 5 (Five) equity shares having face value of ₹2/- (Rupees Two Only) each, subject to the approval of the Members of the Company in the ensuing AGM.

Further, the Board recommended consequential amendments in the Capital Clause of the Memorandum of Association of the Company, subject to the approval of the Members of the Company. The record date for the sub-division of equity shares shall be decided by the Board and will be announced later.

Shares of ADF Foods Limited was last trading in BSE at Rs. 759.85 as compared to the previous close of Rs. 770.60. The total number of shares traded during the day was 739 in over 130 trades.

The stock hit an intraday high of Rs. 774.00 and intraday low of 754.00. The net turnover during the day was Rs. 562150.00.

Source : Equity Bulls

Keywords

ADFFoods INE982B01019 StockSplit SubDivision 5For1