Double Dhamaal: This Stock To Mull Dividend & Stock Split Soon; Buy Now?

Share India Securities Ltd. has a market capitalization of Rs. 6,503 Cr. and is a BSE-listed small-cap company. A financial services company with its headquarters in India is Share India Securities Limited. The Board of Directors will meet on Thursday, May 9, 2024, according to the company's announcement. During this meeting, the Board will discuss and approve the dividend and stock split in addition to announcing the financial results for the quarter and year that ended on March 31, 2024.

Share India Securities Stock Split & Dividend Updates

"Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, May 09, 2024, inter-alia, to:

1. Consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended on March 31, 2024.

2. Consider and recommend final dividend, if any, for the financial year ended on March 31, 2024.

3. Consider and approve the proposal for sub- division/split of the equity shares of the Company, in such manner, as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities, as may be required," said Share India Securities in a regulatory filing dated April 30, 2024.

Share India Securities News

The company recently notified the stock exchanges that, as a result of his personal commitments and pre-occupancy, Mr. Mohammad Rubaid Khan has tendered his resignation from the position of Non-Executive Independent Director of the company, effective immediately, that is, as of the close of business hours on April 24, 2024.

The company announced in a separate exchange filing that the Rights Issue Committee, in its meeting held on April 19, 2024, had approved the allotment of 5,43,490 fully paid-up equity shares of the company with a face value of Rs. 10/-each, in line with the conversion of Detachable Warrants, subject to the payment of the conversion amount, which is Rs. 525/-per Detachable Warrant and represents the balance payable for the conversion of Detachable Warrants into fully paid-up equity shares.

Share India Securities Share Price Target

"Share India Securities is bearish on the Daily charts with strong resistance at 1734. A Daily close below support of 1659 could lead to a target of 1456 in the near term," said AR Ramachandran from Tips2trades.

Disclaimer

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