Corporate Radar: Smallcap stock to go ex-split, board meetings and more

Shares of Filatex India will go ex-split in the ratio of 1:2. The stock’s face value shall change from Rs 2 currently to the new face value of Re 1 per share. Ahead of the stock split, the textile and apparel company shares were seen trading with gains to the tune of over 6% at Rs 88.8 apiece on NSE.

Board Meets
Two companies that will meet for their board meetings are

and .

IndoWind Energy’s board will meet to mull over the rights issue of shares. The low-priced stock just a day prior to its board meeting was seen trading with gains of over 4% at Rs 14.15 apiece.

Also, ARC Finance will be considering the rights issue of equity shares. This penny scrip also hit its lower circuit and upper circuit of Re 0.8 and Re 0.88 per share, respectively in Monday’s trade.

Here are some top corporate moves from Monday’s trade:

On the previous trading day, Grindwell Norton, (GNO) informed bourses that the company has commissioned its Paper Maker manufacturing plant in Bengaluru. Under Atmanirbhar Bharat, the Paper Maker plant’s manufacturing capabilities present a huge opportunity to introduce “Make in India” products that are innovative and have cutting-edge technology.

IndiGrid Investment

IndiGrid Investment in its filing to the exchanges informed that Rahul Asthana, an Independent Director of the company has completed the second term of office on December 25, 2022, thereby completing two terms as an Independent Director. Consequently, Asthana ceased to be a Director of Investment Manager of India Grid Trust with effect from December 25, 2022.

National Fertilisers

National Fertilisers via an exchange filing said that in respect of the post ballot notice that sought approval of members of company for appointment of Director, the resolution as set out in the earlier notice has been passed with requisite majority.