Each existing equity share with a face value of ₹5 will be subdivided into five equity shares of Rs 1 each. The record date for this stock split will be announced in due course.
Starlineps Enterprises has unveiled a series of significant corporate actions aimed at enhancing shareholder value and driving future growth. In a board meeting held on August 8, the company approved several strategic decisions that have garnered attention from investors and analysts alike.
The company’s authorized share capital has been increased from RS 22 crores to Rs 37 crores. In a bid to increase share liquidity and make them more accessible to small investors, Starlineps has also approved a stock split. Each existing equity share with a face value of ₹5 will be subdivided into five equity shares of Rs 1 each. The record date for this stock split will be announced in due course.
Moreover, the board has sanctioned the issuance of bonus shares in a 1:5 ratio, meaning shareholders will receive one additional share for every five shares held. This initiative is also pending shareholder approval via postal ballot, emphasizing the company’s commitment to rewarding its investors.
To ensure transparency and proper conduct of the voting process, Mr. Manish R. Patel has been appointed as the scrutinizer for the postal ballot, which will take place from August 14 to September 12, 2024.
Starlineps has shown robust financial growth, with a significant increase in revenue and profit margins over the past few years.
The company’s strong fundamentals are supported by consistent earnings growth, efficient capital utilization, and a debt-free balance sheet. STARLENT’s return on equity (ROE) and return on capital employed (ROCE) have been improving, reflecting efficient management and strong profitability.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)