Shish Industries Ltd., a leader in innovative plastic products, has announced a 1:10 stock split to make its shares more affordable for investors. The company will split each ₹10 equity share into ten shares with a face value of ₹1. This move aims to boost market liquidity and attract smaller investors. The record date for the stock split is Tuesday, December 17, 2024.
Why the Stock Split?
Shish Industries explained that the stock split is part of its plan to improve affordability for retail investors and increase trading volumes. The company’s Board of Directors approved this decision, showing their commitment to enhancing shareholder value and creating a more inclusive market.
About Shish Industries
Established in 2012, Shish Industries is a major manufacturer and exporter in the plastic products industry. The company provides innovative solutions for various sectors, including protective packaging, thermal insulation, and woven fabrics.
Shish Industries pioneered the production of 5-ply Polypropylene Corrugated Sheets and introduced insulated water tank covers in India. Its diverse product portfolio includes:
- Plastic corrugated sheets
- FIBC (Flexible Intermediate Bulk Container) bags
- Tarpaulins
- PP/PE woven fabrics
- Shipping and industrial packaging materials
Recognized as a Star Export House, the company has a solid reputation for quality and a strong global presence.
Financial Highlights
Shish Industries has maintained steady financial growth:
- In October 2024, the company’s promoters raised their stake from 64.47% to 66.03%, signaling confidence in its future.
- The company reported a market capitalization of approximately ₹397 crore.
- A ₹312 crore trade agreement with Best Construction Products Inc. (BCP), a US-based construction materials firm, further strengthened its net sales.
Key Achievements
Earlier this year, Shish Industries signed a long-term agreement with BCP. This partnership cements its position as a reliable supplier of construction, packaging, and thermal insulation products in global markets.
The 1:10 stock split reflects Shish Industries’ focus on growing its investor base and improving shareholder value. With strong financial performance and innovative products, the company is poised for continued success in domestic and international markets.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
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