Sugar manufacturer EID Parry today said it will sought shareholders approval for splitting each equity share of Rs 2 of the company into two shares of Re 1 each.
In a filing to Bombay Stock Exchange, the company today said it would seek sharholders nod through postal for resolutions for the purpose of sub division of the equity share of Rs 2 each of the company into two equity share of Rs 1 each.
"The board of directors has appointed R Sridharan & Associates, company Secretaries, as scrutiniser for conducting this postal ballot voting process in a fair and transparent manner," the filing said.
The company's board at its meeting held on October 25, 2010 took the decision of stock split.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app