Stock Split: JTL Industries approves sub-division - Check Details
The company has not fixed the record date for the said corporate action and is expected to inform the stock exchanges in due course.
The board of JTL Industries Ltd has informed exchanges that its board has approved the split equity shares of the company.
The company has not fixed the record date for the said corporate action and is expected to inform the stock exchanges in due course.
"sub-division/split of 1 (one) Equity Share of the Company having face value of Rs. 2/- each into 2 (Two) Equity shares of the Company having face value of Rs.1 each, subject to the shareholders’ approval, to be obtained in the ensuing extra-ordinary general meeting and such other approvals as may be required," the company said in an exchange filing.
Earlier, JTL Industries on Tuesday said that it has recorded its highest-ever quarterly sales volume of 1,03,193 MT in Q2FY25, including Nabha volumes.
This is a 26.32 per cent growth over the 81,686 MT reached in Q2FY24, mostly due to the robust demand for heavy constructions.
According to an exchange filing, the sales volume in H1FY25 surged to 1,99,593 MT, a 25.49 per cent increase over 1,59,028 MT in H1FY24.
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