StarlinePS Enterprises Limited has officially notified stakeholders about significant corporate actions scheduled for September 25, 2024. This includes a share subdivision and a bonus issue aimed at enhancing shareholder value.
Key Highlights:
- Record Date: The company has established September 25, 2024, as the record date for determining the shareholders eligible for the upcoming changes.
- Share Subdivision: The company plans to subdivide one equity share with a face value of ₹5 into five equity shares, each with a face value of ₹1. This means that shareholders will receive additional shares, increasing the total number of shares they own without altering their overall investment value.
- Purpose: The primary reason for a share subdivision is to make shares more affordable to a broader range of investors, potentially increasing liquidity in the stock.
- Bonus Issue: In addition to the subdivision, StarlinePS Enterprises will also issue bonus shares at a ratio of 1:5. For every five existing equity shares, shareholders will receive one additional bonus share, also valued at ₹1.
- Purpose: A bonus issue is typically used as a way to reward existing shareholders, reflecting the company's positive earnings and retained profits. It increases the number of shares in circulation while maintaining the company's overall market capitalization.
- Impact on Shareholders:
- Before the Changes: Shareholders with one equity share at ₹5 will now have five equity shares at ₹1 each, plus an additional bonus share, leading to a total of six shares.
- Financial Effect: While the number of shares increases, the face value decrease means that the overall value remains the same, effectively splitting the ownership into smaller, more affordable units.
- Communication: The details of this announcement are available on the company’s website, ensuring transparency and easy access for all stakeholders.
This strategic move reflects StarlinePS Enterprises' commitment to enhancing shareholder value and improving market participation. For further information, shareholders and potential investors can visit StarlinePS Enterprises' website.
Understanding the Terms:
- Record Date: The cut-off date set by a company to determine which shareholders are eligible for dividends or other benefits.
- Share Subdivision: The process of dividing existing shares into multiple shares to lower the trading price.
- Bonus Issue: The issuance of additional shares to existing shareholders for free, usually based on the number of shares already held.
For more information, stakeholders are encouraged to reach out via email at info@starlineps.com or contact the company directly at +91-7574999004.
.png)
