Shardul Securities Ltd, a prominent micro-cap company in the financial services sector, has announced its first-ever stock split, aimed at increasing the affordability and liquidity of its shares. The company has fixed January 13, 2025, as the record date to determine shareholder eligibility for the stock split.
Stock Split Details
The company has approved the sub-division of its equity shares in a 5:1 ratio, where each share with a face value of Rs 10 will be split into five shares with a face value of Rs 2. This development was approved by the company’s equity shareholders during the Extraordinary General Meeting held on December 24, 2024 and January 13th was determined as the record date for eligible shareholders.
The stock split aligns with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reflects Shardul Securities’ commitment to improving stock accessibility for a broader range of investors.
About Shardul Securities Ltd
Founded in 1985, Shardul Securities Ltd, formerly known as Shriyam Securities & Finance Limited, is the flagship company of the Shriyam Group. The company is registered with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC) and is listed on the Bombay Stock Exchange (BSE).
With branches in Pune, Ahmedabad, Bangalore, and Delhi, the company offers a wide range of services, including:
- Debt and Equity Investments
- Merchant Banking
- IPO Funding
- Advisory Services
- Stock Broking
Shardul Securities is recognised for its consistent performance and diversified financial activities.
Financial Performance Highlights
Shardul Securities has reported strong financial results in recent quarters:
Q2 FY25 Highlights (September 2024)
- Net Sales: Rs 36.57 crore, up 36% YoY from Rs 26.89 crore in Q2 FY24.
- Net Profit: Rs 25.86 crore, marking a 63.87% YoY increase from Rs 15.78 crore in the year-ago period.
- EBITDA: Rs 33.27 crore, a 34.59% YoY growth compared to Rs 24.72 crore in Q2 FY24.
These figures reflect the company’s robust operational efficiency and strong market positioning.
With a solid financial track record and a strategic focus on growth, Shardul Securities Ltd continues to strengthen its position in the financial services sector. The upcoming stock split represents a significant milestone in the company’s history and reflects its commitment to rewarding shareholders while increasing market accessibility.
Investors are advised to keep a close watch on Shardul Securities as it moves forward with this landmark decision.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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