Shares Get Cheaper! Record Date Fixed For 1:10 Stock Split; Buy Speciality Chemical Stock?

IOL Chemicals and Pharmaceuticals Limited (IOLCP), a prominent pharmaceutical (API) company and a major participant in the speciality chemicals market with top-notch facilities was founded in 1986 and is listed on the National Stock Exchange of India and the BSE. Among the numerous nations where IOLCP has clients abroad are the United Kingdom, Belgium, Hungary, Spain, Germany, Italy, the Netherlands, Switzerland, Poland, Ireland, the United States, Peru, Brazil, Argentina, Colombia, Indonesia, South Korea, Thailand, Bangladesh, Turkey, the United Arab Emirates, China, Hong Kong, and Egypt, among others. The main customers for the company's products are recognised generic formulators in India and abroad.

IOL Chemicals and Pharmaceuticals Record Date For Stock Split

"In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our earlier intimations dated 27th December 2024 and pursuant to approval accorded by the Shareholders of the Company through Postal Ballot on 31st January 2025 for the Sub-division/Split of face value of Equity Shares of the Company, the Board of Directors has fixed Tuesday, 11th March 2025 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of Sub-division/Split of face value of Equity Shares of the Company," said IOL Chemicals in a stock exchange filing.

The record date has been fixed for determining entitlement of equity shareholders for the purpose of subdivision/ split of face value of each equity share of face value of Rs.10/- each, fully paid-up into 5 equity shares of face value of Rs.2/- each, fully paid up.

IOL Chemicals and Pharmaceuticals Q3 Result Date

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company is organizing an analyst /investor conference call on Friday, 14th February, 2025 at 3:00 PM (IST) to discuss the financial performance of the Company for the third quarter and nine months ended 31st December, 2024," IOL Chemicals and Pharmaceuticals informed stock exchanges.

IOL Chemicals and Pharmaceuticals Share Price Target

"IOL Chemicals stock price is slightly bullish on the Daily charts with strong support at 347. A Daily close above resistance of 391 could lead to a target of 440 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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