You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Vishwaraj Sugar board approves 5-for-1 stock split

Capital Market 

The record date is set on Saturday, 11 September 2021.

In an exchange filing on Wednesday (18 August), the company announced that its board approved sub-division of equity shares of the face value of Rs 10 each into five equity shares of face value of Rs 2 each (5-for-1).

The board has fixed Saturday, 11 September 2021, as the record date for the purpose of dividend and sub-division of equity shares, for shares held in dematerialised form.

Vishwaraj Sugar Industries has an integrated sugar-based unit producing sugar, power, spirits (including IML, industrial spirits and ethanol) and compost. The production facility is located at Belgaum in North West Karnataka.

The company posted a standalone net loss of Rs 8.45 crore in Q1 FY22 as against a net loss of Rs 14.17 crore in Q1 FY21. Net sales declined nearly 9% to Rs 102.03 crore in Q1 FY22 over Q1 FY21.

Shares of Vishwaraj Sugar fell 0.68% to Rs 154.30 on Wednesday (18 August).

The domestic equity market is shut today, 19 August 2021, on account of Muharram.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, August 19 2021. 09:00 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU