Smallcap Defence Stock Set to Announce Stock Split and Dividend Tomorrow

🔹 Strong Investor Response Ahead of Corporate Actions

A smallcap company in the defence sector has seen its stock rally 16% over the last two trading sessions. This surge comes ahead of a key announcement scheduled for tomorrow, where the company plans to approve a 1:5 stock split and a ₹2.5 interim dividend.

🔹 What’s Being Announced?

The company is preparing to:

• Split each share into five parts, reducing the face value from ₹10 to ₹2.

• Distribute a ₹2.5 interim dividend per equity share.

These actions aim to improve share liquidity and reward shareholders.

🔹 Record Date & Financial Snapshot

The record date for both the stock split and dividend is likely to be announced shortly, with market anticipation driving up investor interest. In recent quarters, the company has posted strong profits and revenue growth, which has increased investor confidence.

🔹 About the Company

This firm manufactures defence-related products such as solid propellants and explosive devices. Its long-term contracts and focus on innovation have helped it deliver significant stock returns over the past year.

Study Update - times-news.in