Small Cap Company Announces Stock Split, Stock Rallied By Upto 107.13% In 1-Year & 440.38% in 3-Year

Ion Exchange (India) Ltd in an exchange filing has announced that directors board meeting will be held in the month of April and the board will discuss to approve stock split. The details are given below.

As per the company filing details, "We wish to inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, 20th April, 2023 to consider and approve alteration of equity share capital of the Company by way of splitting its existing equity shares, pursuant to the provisions of Section 61(1)(d) of Companies Act, 2013 and fixing respective dates thereto including postal ballot activity schedule."

Furter it was also notified that that the trading window also would be closed for a brief period. "As per policy on code of conduct for prevention of insider trading and fair disclosure of unpublished price-sensitive information of the Company, the tradingwindow for dealing in securities of the Company shall be closed for the Directors, Key Managerial Personnel, Designated Employees, Connected Persons and their immediate relatives with effect from 1st April, 2023 till 48 hours after the announcement of Audited financial result for the year ended 31st March, 2023."

About Ion Exchange (India) Ltd
Ion Exchange (India) Ltd manufactures and distributes water treatment equipment and products, which are used for a variety of treatment and conservation applications. The Group's products include water treatment chemicals, exchange resins, ultra filtration and nano-filtration membranes. It is a small cap company incorporated in the year 1964. .Its current market capitalisation is Rs 4,773.92 crore.

Share price movement of Ion Exchange (India) Ltd
The latest stock price of Ion Exchange (India) Ltd is Rs 3254.95 per share, which was 0.06% up over previous day's closing price. While it 52-week low and 52-week high is at Rs 1,500.70 and Rs 3,545.95 per share respectively. In one year the stock of the small cap company has rallied massively by 107.13% and in three years it has shown a steep growth of nearly 440.38%.

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