JBM Auto Limited — Dividend/Bonus, 28-10-2024: Stock split

JBM Auto Limited's Board of Directors has approved a proposal to subdivide its equity shares, splitting shares with a face value of Rs. 2 each into shares with a face value of Re. 1 each. This decision aims to enhance liquidity and attract more small investors. The company will also amend the Capital Clause in its Memorandum of Association. The completion of the subdivision is expected within three months, pending shareholder approval via Postal Ballot.