1:10 Stock Split: Nandan Fabric Maker Fixes Record Date | Check Details Here

Shares of Nandan Denim Limited gained over 7 per cent to a fresh 52-week highi of Rs 63.74 on the BSE. The counter opened at Rs 60.89 on the BSE and surged further to hit the high of Rs 63.75 – a gain of 7.58 per cent from the previous close of Rs 59.25 on the BSE. The 52-week low of the stock is Rs 20.45.
Meanwhile, Nandan Denim has fixed record date for the purpose of sub-division of existing equity shares of the company.
“..the Company has fixed Thursday, September 19, 2024 as the “Record date” for determining eligibility of shareholders for the purpose of Sub-division/split of existing Equity Shares of the Company from Face Value of Rs. 10/- each fully paid-up to Face Value of Re. 1/- each fully paid-up, ranking pari-passu in all respects, which was approved by the Equity Shareholders at 30th Annual General Meeting of the Company held on September 06, 2024,” the company said in an exchange filing.
A stock split is a process where in the company decided to split its existing shares to increase liquidity and make it more affordable to small retail investors. Earlier, the company declared its financial results for the first quarter of the financial year 2024-25. The company’s standalone net profit stood at Rs 7.49 crore in the June quarter as compared to Rs 1.70 crore in the same quarter a year ago.
The revenue from operations surged by over 30 per cent year-on-year (YoY) basis to Rs 721 crore. This was Rs 553 crore in the June quarter of the previous fiscal.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)