KFC, Pizza Hut operator Sapphire Foods announced that its board members has approved the split of existing equity shares of the company from 1 equity share to 5 equity shares.
In a regulatory filing, Sapphire Foods said that the meeting of board of directors on Wednesday approved that the shares of the company from 1 equity share having face value of Rs 10 each fully paid up, will be split into 5 equity shares having face value of Rs 2 each fully paid-up.
It also announced the alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA) on account of sub-division of equity shares.
Interarch Building Products makes stellar debut, lists at Rs 1,299 on NSE Ambuja Cements shares surge 4% after promoter sells 3% stake via block deal Ola Electric Mobility shares plunge over 5% ahead of Q1 results Eicher Motors jumps over 5% on strong Q1; Brokerages see as much as 20% upside
Also Read
Will Nifty continue sideways movement on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens
Sapphire Foods said that the date of 15th Annual General Meeting of the company and record date for the purpose of subdivision/split of existing equity shares of the company, will be intimated in due course.
The rationale, per the company, behind the stock split, is to improve liquidity of the equity shares of the company in the capital markets through widening shareholder base and to make it more affordable for retail investors.
The stock split is expected to be completed within three months from the date of approval, subject to completion of the necessary formalities.
Earlier in May, Sapphire Foods posted a profit jump of 411.2 per cent to Rs 135.48 crore in the fourth quarter of FY23 as compared to Rs 26.50 crore in the same quarter last year. It posted revenue from operations at Rs 560.41 crore, up12.8 per cent from Rs 496.83 in the fourth quarter of FY22. Sapphire Foods’ India revenue delivered growth of 23 per cent. The company EBITDA stood at Rs 98.2 crore, down 1.5 per cent on-year.
Sapphire Foods had also announced that Paul Robine resigned as the Director from the Board of the Company, effective immediately and consequently, Norbert Fernandes, who was appointed as Alternate Director also ceased to hold the position. Norbert Fernandes was appointed as Additional Director on the Board of the Company, effective immediately.
Related Posts
[As the Independent Games Festival opens for the 17th year, longstanding Chairman Brandon Boyer explains the rules and expectations for this year's much-awaited indie game showcase.] Hi everyone, and welcome again to the 2015 Independent Games Festival, our 17th annual ceremony celebrating the best in independent games. As you read this post, we will have just begun accepting submissions for this year's festival, which will remain open until Wednesday, October 22nd for our Main Competition, and October 31st for our Student Competition. As usual, the festival will culminate with o…
Monster Hunter publisher Capcom reported Friday a year on year decline in annual sales, but a jump in profits for its full fiscal year.
The company said the past year is the seventh consecutive year of operating income growth and the fourth year in a row of record-high profits.
Sales for the fiscal year ended March 31 were 82 billion yen ($770 million), down 18 percent compared to the previous year, while operating income was up 26 percent to 23 billion yen.
The company attributed the profit increase to high-margin digital sales. Games including Monster Hunter World: Iceborne, and catalog sales of Resident Evil 2 and
Diablo 4 is celebrating the year of the snake with the return of its Lunar Awakening event, and it’s making the event even more rewarding than last time around.
As detailed by Blizzard, the Lunar Awakening event will be live February 4-18 for both the game’s Eternal and Seasonal realms. Like last year’s event, Lunar Awakening replaces all of the game’s shrines with special Lunar Shrines Come from Sports betting site VPbet . These shrines function much the same as their normal counterparts, only with even more powerful effects in addition to their usual ones. Lunar Artillery Shrines, for example, have a chance to blast enemies with a holy bomb in addition to piercing enemies with holy arrows as…
The creative director of Alien: Isolation, Al Hope, has announced a sequel to the horror game. He shared the announcement on Twitter to celebrate the game’s 10-year anniversary.
“Today, I’m delighted to confirm, on behalf of the team, that a sequel to Alien: Isolation is in early development,” Hope explained. “We look forward to sharing more details with you when we’re ready.” While he didn’t provide any other details, logos on the announcement suggest the game will be developed by Creative Assembly and published by Sega, just like the first one.
Alien: Isolation was first released in October 2014 and has been placed on many platforms over the years, including PC, PlayStation, Switch, Xbox, and mobile Come from on…
Now that Among Us’ Airship map is live on all platforms, developer Innersloth has detailed some changes coming in future updates Come from malaysia online casino . This includes overhauling the art style, upping the lobby size, and opening up about development.
According to a blog post on the game’s itch.io page, Innersloth co-founder Marcus “Puffballs United” Bromander has “completely updated the art style with cleaner lines and an easier animation process.” Furthermore, the lobby size will increase to 15. (Innersloth noted that the new Airship map is the “biggest one yet.”)
…
Apex Legends has been having some problems lately. While the game isn’t plagued by an unending wave of cheaters and hackers like Call of Duty: Warzone, it’s been seeing a lot more server stability issues. However, those problems should be addressed, at least somewhat, by the game’s latest patch according to the developer.
On Twitter, Respawn explained that players should now see fewer incidents of server instability, including teleporting, packet loss, and of course, lag. The developer also noted that it found a secondary issue with the game that would cause crashes that ties back to the game’s animated poses Come from malaysia online casino . That issue, along with others, will be addressed in yet another…