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Coastal Corporation Limited has announced a board meeting to seek member approval for two key matters via postal ballot: the sub-division of one equity share of ₹10 into five shares of ₹2 each and an amendment to the Memorandum of Association to reflect this change. This move aims to enhance liquidity and make shares more accessible to retail investors.
The sub-division maintains the total capital intact while likely improving market participation. For investors, this could signal a positive outlook by increasing share affordability, potentially attracting more investors and boosting stock performance. Voting will occur via e-voting from January 2 to January 31, 2025.