Maha Rashtra Apex Updates on Cancellation of Record Date

Maha Rashtra Apex Corporation Ltd has announced that since the Company is planning to go for a Public Issue in future and anticipate that splitting of Shares at this junction is not going to serve any purpose. Moreover the Board has observed that incurring further expenditure on splitting of Shares is not financially viable due to the present crisis experienced by the Company. The Board has now decided for the reversal of earlier decision to split Shares of Rs 10/- each into Rs 1/- each.

Further the Company added that they will get the approval from the Shareholders shortly in the next AGM / EGM regarding reversal of their earlier decision to Split the Shares of the Company.

Source : Equity Bulls

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