Stock Split 2024: Small Cap CDGS Stock To Mull Sub-Division of Shares Soon

Rushil Decor's shares closed 7.44% higher at Rs 330.05 a share on the BSE on Friday following the company's announcement that the Board of Directors will meet on Friday, May 24 for the purpose of discussing a stock split. One of the top companies in India's laminate and MDF panel board sectors, Rushil Décor Ltd. has a presence in over 51 nations worldwide.

"In terms of Regulation 29(3)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Notice. is hereby given that a Meeting of the Board of Directors of the. Company is scheduled to be held on Friday, May 24, 2024, inter-alia, to consider and approve the proposal for sub-division / split of existing Equity Shares of the Company, having a Face Value of Rs 10/- each, fully paid up, in such manner as may be determined by the Board of Directors, subject to the approval of Shareholders of the Company and/ or any other regulatory/ statutory approvals (if any)," said the company in a regulatory filing on Friday.

"Further, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, the Trading Window for dealing in shares of the Company has already been closed with effect from April 01, 2024 and will be reopened after expiry of 48 hours from the conclusion of board meeting of the Company," Rushil Decor further informed to the stock exchanges.

"Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Earnings Conference Call with analyst/investors is, scheduled on Thursday, May 09, 2024 at 04.00 PM (1ST) in relation to the Audited Financial Results for the Quarter and Financial Year ended March 31, 2024 (Q4FY23-24 Results). (Conference call details attached herewith)," the company said in a separate stock exchange filing on 02.05.2024.

The Board of Directors of "Rushil Decor Limited" is set to meet on Thursday, May 9, 2024, to discuss, approve, and record the audited financial results for the fourth quarter and year that ended on March 31, 2024, as well as the recommendation for a dividend on the company's equity shares for the fiscal year that ended on March 31, 2024.

The shares of Rushil Decor reached a 52-week-high of Rs 406.70 on (24/11/2023) and a 52-week-low of Rs 243.95 on (31/05/2023).