Banswara Syntex Ltd board recommends stock split

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The Board of Directors of Banswara Syntex Ltd in their meeting held on Tuesday, 3rd May, 2022 has approved the Sub-division/Split of existing equity share of the Company from one equity share having face value of Rs. 10/- each, fully paid-up into 2 equity shares having face value of Rs. 5/- each fully paid-up, subject to the Shareholders and other approvals as may be required.

The board also approved the Alteration of Capital Clause (Clause V) in the Memorandum of Association of the Company on account of Sub-division/Split of the Company’s equity shares, subject to the Shareholders and other approvals as may be required.