IOL Chemicals and Pharmaceuticals Limited — Others, 01-01-2025: Shareholders meeting

IOL Chemicals and Pharmaceuticals Limited has announced a board meeting to seek shareholder approval for a sub-division of equity shares. Specifically, one equity share of face value Rs. 10 will be split into five shares of face value Rs. 2 each. This move aims to enhance share affordability and attract a broader investor base, potentially boosting market liquidity. The voting period for the postal ballot will commence on 2nd January 2025 and conclude on 31st January 2025, with results expected by 2nd February 2025. This initiative could foster positive investor sentiment and broaden participation in the company's equity.