Page 3 - Apollo Micro Systems

Apollo Micro Systems to subdivide its shares in 1:10 ratio on May 4

Apollo Micro Systems Ltd (AMSL), which provides technology-based solutions to infrastructure and transportation players, has fixed May 4 as the record date to split its shares in the ratio of 1:10. In a statement on Tuesday, the company announced its share will be divided in the ratio of 1:10. The current face value of each share is Rs 10 and after the split, the new value of each share would be Re 1. "The record date is on Thursday, 4 May, 2023 for the purpose of sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each fully paid up," Apollo Micro Systems said. Shares of the company on Tuesday ended 5 per cent up at Rs 328.75 apiece on BSE. Besides, the Hyderabad-based company offers solutions to industries like aerospace and defence, railways and automotive sectors, among others.

Apollo Micro Systems fixes record date for 1:10 share sub-division

Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10. On March 28, the company's shareholders had approved a proposal for the share division through postal ballot, the company said in a statement. Subsequently, the board also passed the necessary resolution on April 6, 2023 and fixed May 4 as the record date for sub-division of shares, it said. One equity share of Rs 10 each will be sub-divided into 10 equity shares of Re one each fully paid up, AMSL said. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.

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