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
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
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 more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading