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Circuit-to-circuit stock SC Agrotech declares 4:5 bonus, 1:10 stock split, dividend update; record date, other details
SC Agrotech announces 4:5 bonus, 1:10 stock split, and dividend update with record date.
Context
What happened: SC Agrotech proposed a 4:5 bonus issue and a 1:10 stock split, subject to shareholder approval, and said a dividend will be considered at the next quarterly board review. The record date has not been notified.
Key numbers: Bonus 4:5. Split 1:10, face value Rs 10 into Re 1.
Why it matters: The filing states the split aims to improve individual-share accessibility and wider investor participation. The dividend decision was deferred pending evaluation of capital requirements and investment priorities.
What changed
SC Agrotech proposed a 4:5 bonus issue and a 1:10 stock split, subject to shareholder approval, and said a dividend will be considered at the next quarterly board review. The record date has not been notified.
Why it matters
The filing states the split aims to improve individual-share accessibility and wider investor participation. The dividend decision was deferred pending evaluation of capital requirements and investment priorities.