A meeting of the Board of Directors of the Company will be held on June 12, 2013, inter alia, to consider proposal to sub-divide the normal face value of Rs. 10/- each of the equity shares of the Company into such denomination as the Board may deem appropriate at its sole and absolute discretion, subject to the approval of the shareholders of the Company, the company said in a note to Bombay Stock Exchange.
Shares of Hanung Toys rose 7% to Rs 116.25 in the morning trades.