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6d ago

BEML Board Backs 2-for-1 Stock Split Proposal

It aims to lower the per-share price to improve market access ahead of a shareholder vote on the record date.

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BEML | Image: BEML

Overview

  • The board has proposed subdividing each ₹10 equity share into two ₹5 shares, marking BEML’s first-ever stock split and pending shareholder approval.
  • A formal record date for the share subdivision will be announced once investors ratify the plan in a forthcoming meeting.
  • BEML shares dipped about 0.5% on Monday, trading near ₹4,380 apiece following the recommendation.
  • The move is designed to enhance trading liquidity and make the stock more affordable for retail investors.
  • The proposal follows strong financial results, including a 12% rise in quarterly net profit and record annual earnings bolstered by export contract wins.