Arfin India: Corporate Action-Outcome of Sub division / Stock Split | Value Research

Arfin India: Corporate Action-Outcome of Sub division / Stock Split

In terms of the provisions of Regulation 30 (read with Part A of Schedule III) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended this is to inform that Board of Directors at its meeting held today i.e. September 19 2022 has approved following;1. Sub-division of each existing equity share of the Company having face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) equity shares of face value of Rs. 1/- (Rupees One Only) each subject to regulatory / statutory approvals as may be required and the approval of the shareholders of the Company.2. Consequential amendments to the Capital Clause of the Memorandum of Association of the Company subject to approval of the shareholders to be obtained by Postal Ballot.

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