1:10 Stock Split, December 13 Is Record Date; Fundamentals Of The Stock Before BUY/SELL

Exxaro Tiles, a penny stock engaged in the business of ceramics, is going to split for the first time ever next week. Ahead of the split, the stock has witnessed a volatile trend.

The company has Friday, December 13, 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) Equity Shares of face value of Rs. 1/- (Rupees One Only) each fully paid up.

The stock split ratio is of 1:10. It is the company's first sub-division.

The company is engaged in manufacturing and marketing vitrified tiles used mainly for flooring solutions. We commenced business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles and have over the years, diversified, expanded and evolved into a manufacturer for vitrified tiles. The company's business operations are broadly divided into two product categories: Double Charge Vitrified Tiles; and Glazed Vitrified Tiles.