Mazagon Dock Shipbuilders Ltd. has fixed Friday, Dec. 27, as the record date for determining the eligibility of shareholders for its proposed stock split. Under the plan, each existing equity share with a face value of Rs 10 will be subdivided into two equity shares with a face value of Rs 5 each, fully paid up.
Thursday, Dec. 26, will serve as the ex-date for shareholders to be eligible for the stock split, aligning with the T+1 settlement cycle.
The company had also issued an interim dividend of Rs 15.34 per share on Nov. 20, 2023, and a final dividend of Rs 6.86 per share with an ex-date of Sept. 20, 2023.
Shares of the company have risen 102.35% in the last 12 months and 102.97% on a year-to-date basis.