Jai Balaji Industries Limited — Others, 19-11-2024: Shareholders meeting

Jai Balaji Industries Limited has announced a board meeting to discuss a postal ballot notice for significant business resolutions. Key proposals include a sub-division of existing equity shares from ₹10 to ₹2, enhancing liquidity and accessibility for retail investors. The authorized share capital will remain at ₹189 crore while increasing the number of shares from 18.9 crore to 94.5 crore. Members will vote electronically on these resolutions from November 20 to December 19. This move may foster a positive outlook among investors by encouraging broader participation and enhancing stock liquidity.