Published on 12/07/2025 12:02 PM
State-owned heavy equipment manufacturer, BEML Ltd, announced on Friday (July 11) that its board plans to convene on Monday, July 21, 2025, to evaluate a stock split, which involves subdividing its equity shares. The company did not specify the ratio for the stock split.
The trading window will be closed from July 1 until 48 hours after the financial results are announced, with the date for the board meeting to be communicated later.
“….that a Board Meeting of M/s. BEML Limited will be held on Monday, the 21st July, 2025, inter-alia, to Sub-division / Split of Equity Shares of the company pursuant to the provisions of section 61(1)(d) of the Companies Act, 2013,” said the company in an exchange filing.
Typically, a company opts for a stock split to increase the total number of outstanding shares and enhance trading liquidity by making its shares more affordable for shareholders.
Recently, BEML announced that it has received two different export contracts totaling around $6.23 million. The first contract is from the Commonwealth of Independent States (CIS) area for the delivery of heavy-duty bulldozers. The second contract is a first-time order from Uzbekistan for the provision of a high-performance motor grader.
(more to come)
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