New Delhi: In a significant capital market move, BEML Limited has announced a stock split in the ratio of 1:2, marking the first-ever stock split in the company’s history.
The decision was taken during BEML’s 414th Board Meeting held in Bengaluru. As per the approved plan, each equity share with a face value of Rs 10 will be subdivided into two equity shares of Rs 5 each. The move aims to improve liquidity, make BEML shares more affordable for retail investors, and align with evolving capital market trends.
Post-split, the authorised share capital of Rs 100 crore will remain unchanged but will now comprise 20 crore equity shares of Rs 5 each. The company’s paid-up capital of Rs 41.64 crore will be restructured into 8.32 crore shares of Rs 5 each, replacing the current 4.16 crore shares of Rs 10 each.
The stock split is subject to shareholder approval, which will be sought at the forthcoming General Meeting. Upon approval, BEML will announce the record date to determine shareholder eligibility. The implementation of the stock split is expected to be completed within the next two to three months.
This initiative is part of BEML’s strategic capital management plan and reflects the company’s strong business fundamentals and ongoing expansion across key sectors such as Defence & Aerospace, Rail & Metro, and Mining & Construction.
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