In the stock market next week, stock splits of four companies are expected, which are as follows:

1]New Global: The company’s board of directors has already approved its 10:1 stock split and the date for the stock split has been set for March 7, 2022.

New Global informed the Indian stock exchanges of the stock split decision citing: “This is to advise that to give effect to the subdivision of the equity shares of the company, the two custodians, i.e. National National Securities Depository Limited and Central Depository Services (India) Limited have assigned a new ISIN for the equity shares of the company having a nominal value of Re. by the members at the EGM held on February 21, 2022. The new ISIN number for the nominal value of the shares of Re.1/- each is INE317B01042.”

2]BCL companies: The company’s board of directors have announced the record date for the 10:1 stock split. The record date for the stock split was set for March 11, 2022.

BCL Enterprises informed the Indian stock exchanges in this regard by quoting: “We would like to inform you that the company has set Friday, March 11, 2022 as the ‘record date’, for the purposes of the equity share split (all shares authorized, The issued, subscribed and paid-up equity shares of a par value of Rs. 10/- (ten rupees only) each shall be subdivided into 10 (ten) equity shares of a par value of Re. 1/- ( one rupee) each fully paid) and verifying the eligibility of shareholders entitled to the issue of free participating shares of the Company in the proportion of 1 (one) participating share of Re. 1/- each for 1 (one) existing equity share of Re. 1/- each, subject to the approval of the shareholders gathered at the Extraordinary General Meeting held on February 25, 2022.”

3]Mauria Udyog: The company’s management has informed the Indian stock exchanges that its board has approved the 10:1 stock split and the record date for the stock split has been set for March 10, 2022.

Mauria Udyog informed about the latest development citing: “This follows our communication dated 28th February 2022 regarding the subdivision of each of the shares of the Company having a par value of Rs.10/- each subdivided into 10 (ten) shares shares with a par value of Re. 1/- each that the equity share split will take effect under the new ISIN, i.e. INE150D01027 The ISIN activation letter received from National Securities Depository Limited is attached to the present.”

4]Ultracab India: The board of directors of the company approved the 1:5 stock split and the record date for the stock split was set for March 11, 2022. But, now, it has been changed to March 12, 2022.

Ultracab India advised of the stock split in its exchange communication citing: “This refers to our earlier notification of the record date subject to the exchange dated February 25, 2022, the company had set on Friday March 11, 2022 as the record date pursuant to SEBI Regulation 42 (Registration and Disclosure Requirements), 2015, for the purposes of the sub-division of Equity Shares and Free Equity Shares fully paid subject to shareholder approval at the extraordinary general meeting to be held on March 04, 2022.”

“We would like to inform you that, in accordance with the exchange communication, the aforementioned record date is revised to Saturday March 12, 2022.”

The purpose of the meeting scheduled for March 12, 2022 is the ‘sub-split of the nominal value of the shares and the issuance of fully paid free shares in a ratio of 1:2, i.e. 1 ( a) free share of ₹2/- each for 2 (two) fully paid-up shares.’