Diksat Transworld Withdraws Share Sub-division Record Date, Plans Fresh E-voting Resolution

1 min read     Updated on 26 Aug 2025, 06:47 PM
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Radhika SahaniScanX News Team
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Overview

Diksat Transworld Limited has withdrawn the previously announced record date for its equity share sub-division. The company now plans to pass a fresh resolution through an e-voting process to proceed with the share subdivision proposal. This decision was communicated to BSE Limited on August 26, signed by Mrs. Meenakshi Yadav, Whole Time Director of Diksat Transworld Limited.

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Diksat Transworld Limited, a company listed on the BSE, has announced a significant change in its plans for equity share sub-division. The company has decided to withdraw the previously announced record date for the share split and will instead pursue a fresh resolution through e-voting.

Withdrawal of Record Date

According to a communication sent to BSE Limited on August 26, Diksat Transworld has officially withdrawn the record date for the sub-division of equity shares that was originally announced on August 14. This decision marks a shift in the company's approach to implementing the share subdivision proposal.

New Approach: E-voting Resolution

In light of the withdrawal, Diksat Transworld has outlined its next steps. The company plans to pass a fresh resolution through an e-voting process to proceed with the share subdivision proposal. This move suggests that the company is seeking shareholder approval through a more inclusive digital voting mechanism.

Official Communication

The withdrawal notice was signed by Mrs. Meenakshi Yadav, Whole Time Director of Diksat Transworld Limited. In the official letter to BSE, Mrs. Yadav stated:

"We would like to withdraw the proposal for sub-division of shares of the company. We will pass a fresh resolution through evoting and make our proposal for subdivision of shares suitably."

Implications for Shareholders

This development is significant for Diksat Transworld's shareholders, as it delays the previously anticipated share sub-division. Investors should stay alert for further announcements regarding the new e-voting process and the revised proposal for share subdivision.

About Diksat Transworld Limited

Diksat Transworld Limited is listed on the BSE with the scrip code 540151. The company's registered office is located at 3, Deenadayalu Street, T.Nagar, Chennai - 600017. Shareholders and interested parties can find more information on the company's website at www.diksattransworldlimited.in .

Investors and stakeholders are advised to keep an eye on future communications from the company regarding the revised share subdivision process and the upcoming e-voting resolution.

Historical Stock Returns for Diksat Transworld

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+2.73%-23.65%-23.65%+7.62%
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Diksat Transworld Limited Announces 5-for-1 Stock Split with August 29, 2025 Record Date

1 min read     Updated on 15 Aug 2025, 02:34 PM
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Shriram ShekharScanX News Team
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Overview

Diksat Transworld's Board of Directors has approved a 5-for-1 stock split, changing the face value of each share from Rs. 10.00 to Rs. 2.00. The record date for eligibility is set for August 29, 2025. This action aims to enhance share liquidity and accessibility for investors. The company has notified BSE Limited in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Diksat Transworld has announced a significant corporate action that will impact its shareholding structure. The company's Board of Directors has approved a resolution for a stock split, aiming to enhance the liquidity of its shares and make them more accessible to a broader range of investors.

Stock Split Details

The Board of Directors, in a meeting held on August 14, 2025, passed a resolution to sub-divide the company's equity shares. The split will be executed as follows:

  • Current Structure: Each equity share with a face value of Rs. 10.00
  • New Structure: 5 equity shares with a face value of Rs. 2.00 each

This 5-for-1 stock split means that for every one share held, shareholders will receive five shares post-split.

Record Date and Eligibility

The company has set the record date for determining shareholder eligibility for the stock split as Friday, August 29, 2025. Shareholders who own Diksat Transworld shares at the close of business on this date will be eligible to receive the additional shares resulting from the split.

Regulatory Compliance

Diksat Transworld has adhered to regulatory requirements by informing the BSE Limited about this corporate action. The notification was made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Impact on Trading

While the stock split does not inherently change the company's market capitalization, it is often viewed positively by the market. The increased number of outstanding shares at a reduced price per share can potentially:

  1. Improve liquidity in the stock
  2. Make the shares more affordable for retail investors
  3. Broaden the company's investor base

Investors and market participants should note that post-split adjustments will be reflected in the share price and trading volumes.

Company Information

Diksat Transworld is listed on the Bombay Stock Exchange (BSE). The company's Corporate Identification Number (CIN) is L63090TN1999PLC041707.

Shareholders and potential investors are advised to keep an eye on further announcements from the company and the stock exchange regarding the implementation of this stock split.

Historical Stock Returns for Diksat Transworld

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+2.73%-23.65%-23.65%+7.62%
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