Multibagger stock to split in 1:5 ratio. Stock split record date today

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Stock split 2023: EFC (I) shares are one of the multibagger stocks on Dalal Street that Indian stock market has delivered in recent years. This BSE-listed stock has risen near 1600 per cent in last four years. but, this is not the end for shareholders of this small-cap stock.

The board of directors of the company has declared stock split in 1:5 ratio, which means one stock having face value of ₹10 each will be sub-divided into five shares with face value of ₹2 per equity share. The board of directors have fixed 18th August 2023 as record date for stock split. The small-cap stock informed Indian stock market exchanges about the decision citing, "In continuation to the Board Meeting Outcome dated August 5, 2023, and pursuant to Regulations 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Board Meeting of the Company was held on Saturday, August 5,2023 at 3:00 p.m.

at the registered office of the Company, inter-alia considered and approved the record date for split of shares - The company has fixed Friday, i.e., 18" August, 2023 as the Record date, to ascertain the name of Shareholders entitled for Sub-division/split of equity shares of split/sub-division of Company's one (1) equity share of face value of Rs. 10/- each into Five (5) equity shares of face value of Rs. 2/- each." As mentioned above, EFC (I) is one of the multibagger stocks that Indian stock market has produced in recent years.

This multibagger stock has delivered to the tune of 1600 per cent in last four years. In last one year, this stock has delivered over 200 per cent return to its positional shareholders. As stock split record date for EFC (I) is