Maximus International board approves stock split of shares; Stock gains over 1%

19 Aug 2022 , 11:07 AM

The Board of Directors of Maximus International Ltd at its meeting held on Thursday, August 18, 2022 at the registered office of the Company, have considered and approved the sub-division of 1 Equity Share of the Company having face value of Rs10/- each into 10 (Ten) Equity Shares having face value of Re. 1/- each, subject to regulatory / statutory approvals as may be required and the approval of the shareholders of the Company.

As per the filing, Consequential amendments in the Capital Clause (Clause V) of the Memorandum of Association of the Company, subject to approval of the Shareholders of the Company.

“The record date for the stock-split of Equity Shares of the company shall be decided by the Board members and will be announced in due course”, the company said in a regulatory filing.

At around 11:08 AM, Maximus International was trading at Rs260 per share higher by Rs3.70 or 1.44% on the BSE platform. Previously, the scrip ended at Rs256.30 per share on the BSE.