Ajcon Global Services Approves 10-for-1 Stock Split to Make the Stock More Accessible

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Ajcon Global Services Ltd recently made a key announcement to split its equity shares, one for ten. This was approved in the company's board meeting on April 28, 2025. This decision is meant to enhance liquidity and make the stock more accessible to a larger group of investors. Here's an in-depth report:

Stock Split Details

The current equity shares, which stand at ₹10 per share, will be divided into ten shares of ₹1 each.
This division is proposed to be done with the sanction of the shareholders by way of postal ballot.

Purpose of the Split:

The stock split aims to increase market accessibility by lowering the per-share cost, which will be within the reach of retail investors.
Greater liquidity is anticipated to bring in more trading activity and widen the base of investors.

Effect on Shareholders

Shareholders shall be given ten shares for one share they possess now, with the overall worth of their investment remaining the same.
The decision is expected to enhance investor sentiments and increase confidence.

Regulatory Compliance:

The company will amend the capital clause of its Memorandum of Association (MoA) to note the changes in share structure.
Regulatory approval will be requested to complete the process.

Market Performance:

Ajcon Global's shares have demonstrated resilience, trading within a 52-week range of ₹31.31 to ₹89.17, indicative of investor support.
The stock split would further increase its attractiveness in the financial market.

Future Outlook:

The company wants to use this strategic action to fortify its presence in the investment and finance sector.
Analysts foresee positive market responses and higher trading volumes after the stock split.

This move reflects Ajcon Global Services' commitment to investor inclusivity and growth in the financial market.

Sources: Moneycontrol, Rediff, Inshorts