Refex Industries Ltd approves 5:1 stock split

The Board of Directors of Refex Industries Ltd, at its meeting held today (i.e.) January 24, 2024, has accorded its approval to sub-divide/split 1 (one) Equity shares of the Company of Rs.10/- each, fully paid-up into 5 (five) equity shares of face value of Rs.2/- each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot, including such approvals from regulatory / statutory authorities as may be required.
The Record Date for sub-division / split of existing equity shares will be announced in due course.

Shares of Refex Industries Limited was last trading in BSE at Rs. 719.80 as compared to the previous close of Rs. 685.55. The total number of shares traded during the day was 48912 in over 1195 trades.

The stock hit an intraday high of Rs. 719.80 and intraday low of 678.50. The net turnover during the day was Rs. 35017345.00.

Source : Equity Bulls

Keywords

RefexIndustries INE056I01017 StockSplit 5For1