Key Points
Despite being a stock that has provided multibagger returns, Sylph Technologies has announced a 1:10 stock split and set a record date for the purpose of carrying out the split..
The Board considered the proposal for sub-division of 1 equity share of the Company having face value of 10/- each into 10 (Ten) equity shares having face value of 1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company..
The record date for the sub-division of equity shares shall be decided by the Board and will be intimated to the exchanges," said Sylph Technologies in a stock exchange filing..
To enhance the liquidity in the capital market, to widen shareholder base and to make the shares more affordable to small investors, said Sylph Technologies by citing the reason behind the stock split..
The EPS of Sylph Technologies stood at (-0.05) during Q3FY23 compared to 0.03 during Q3FY22.The shares of Sylph Technologies closed today on the BSE at 35.00 apiece, down by 0.77% from the previous close of 35.27..
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