BAJAJ BROKING
PC Jeweller to hold a board meeting on September 30 to consider stock split, leadership additions, and review Memorandum of Association changes.
PC Jeweller Ltd, a prominent name in the jewellery retail sector, has announced a forthcoming board of directors meeting set for September 30, 2024. The agenda for this meeting includes deliberations on a possible stock split, aimed at making the company's shares more accessible to a broader range of investors.
The company will consider a subdivision of its current equity shares, which have a face value of ₹10 each. This potential stock split is expected to increase the liquidity of PC Jeweller's shares in the market, potentially making them more attractive to small investors. The board will also discuss necessary amendments to the company’s Memorandum of Association that will be required to facilitate the stock split.
In addition to the stock split, the board meeting will cover the appointment of new directors to PC Jeweller's leadership team. This move aims to bring fresh perspectives and expertise to the company, supporting its growth and strategic initiatives. The announcement follows a series of positive financial developments for the company, including a substantial ₹67.54 crore tax refund received from the Income Tax Department earlier this month.
The company has also been actively managing its financial health with strategic measures such as a one-time settlement with Punjab National Bank, concerning its outstanding dues. This settlement was approved by the bank, marking a significant step towards financial stabilisation and improved liquidity.
Following these announcements, shares of PC Jeweller Ltd saw an uptick, closing at ₹151.00 on the Bombay Stock Exchange (BSE), which is a rise of 3.11%. This positive response from the market underscores investor confidence in the company's management and its strategic decisions.
With the board meeting on the horizon, stakeholders and potential investors are closely watching PC Jeweller. The outcomes of this meeting could significantly influence the company's stock performance and market perception, setting the stage for its future trajectory in the highly competitive jewellery retail sector.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading