Unison Metals Limited , a key player in the specialty chemicals sector, has announced a significant expansion of its business operations with a new 38,000 MT specialty chemicals unit for sodium silicate production at Dhamat.

Strategic Expansion

The new division marks a strategic move for Unison Metals, demonstrating the company's commitment to innovation and growth in the specialty chemicals sector. The facility, located in Dhamat, is expected to commence commercial production in the future. This expansion is projected to potentially increase the company's specialty chemicals revenue by 250%.

Target Industries

The sodium silicate produced by the new division aims to cater to a wide range of industrial applications, including:

• Detergent manufacturing
• Paper industry
• Food industry
• Pharmaceuticals
• Rubber industry
• Garment industry
• Dyes and chemicals
• Foundry castings

Financial Performance

Unison Metals has reported strong financial results for the most recent quarter:

These results underscore the company's robust growth trajectory and the potential impact of its expansion strategies.

Subsidiary Developments

The company's subsidiary, Chandanpani Limited, has expanded its product range by adding special stainless steel grades, including the 304 and 316 series. This diversification is expected to contribute to the group's overall growth and market presence.

Strategic Implications

The expansion into sodium silicate production aligns with Unison Metals' long-term growth strategy. This move is expected to strengthen the company's product portfolio and may open new avenues for innovation and collaboration within the specialty chemicals sector.

The Rs. 30 crore investment in the new sodium silicate unit demonstrates Unison Metals' commitment to capitalizing on market opportunities and meeting the demand for specialty chemicals. The impact of this new division on the company's financial performance and market position will likely be observed in the coming years.

Unison Metals has completed its stock split, a significant corporate action affecting its shareholding structure. The company had set November 28 as the record date for this stock split.

Stock Split Details

The stock split, approved by shareholders at the 35th Annual General Meeting held on September 29, involved the following changes:

This 1:10 stock split means that for every one existing equity share with a face value of Rs. 10.00, shareholders have received ten new shares, each with a face value of Rs. 1.00.

Implementation of the Stock Split

The record date for the stock split was November 28. Following this, on November 29, both the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) credited the revised shares to shareholders' demat accounts.

Maintenance of Paid-up Capital

Despite the increase in the number of shares, the total paid-up capital of the company remains unchanged at Rs. 29,62,22,870.

Implications for Investors

While a stock split doesn't inherently change the overall value of a shareholder's stake in the company, it may have several potential effects:

1. Increased liquidity: With more shares available in the market, trading volumes may increase.
2. Broader accessibility: A lower price per share might make the stock more accessible to a wider range of investors.
3. Market perception: Stock splits are often viewed positively by the market as a sign of company growth and confidence.

Investors and potential investors in Unison Metals should take note of this change in the company's share structure. As always, it's advisable to consult with a financial advisor before making any investment decisions based on corporate actions such as stock splits.