Premier Explosives Limited approves stock split

The Board of Directors of Premier Explosives Limited have, at their meeting held today i.e., Friday, April 19, 2024, considered, approved/recommended the sub-division / split of existing 1 (one) Equity Share of face value of Rs.10 (Rupees ten only) each, fully paid up into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees Two only) 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. The Record Date for the purpose of sub-division/split of existing equity shares will be announced in due course.

With a view to enhance the liquidity of Company's equity shares at the Stock Market and to encourage participation of retail investors by making equity shares of the Company more affordable.

Shares of Premier Explosives Limited was last trading in BSE at Rs. 2083.75 as compared to the previous close of Rs. 2021.05. The total number of shares traded during the day was 34720 in over 4965 trades.

The stock hit an intraday high of Rs. 2125.00 and intraday low of 1963.00. The net turnover during the day was Rs. 71420057.00.

Source : Equity Bulls

Keywords

PremierExplosives INE863B01011 SubDivision StockSplit