Food and grocery exporting is the business of Contil India Limited, an Indian corporation. Established as Continental Credit & Investments Limited, Contil India was founded in 1994 and rebranded as Contil India Limited in 2007. In Alkapuri, Baroda, Gujarat, at 811 Siddharth Complex, R C Dutt Road, is the registered office of Contil India. Food and consumables are exported to Canada and North America by Contil India Limited, an Indian corporation. Spices, flours, cereals, pulses, cosmetics and beauty products, ayurvedic items, articles, kitchenware, and branded products are all exported by Contil India.

Contil India Stock Split

For the purpose of determining the eligibility of shareholders for the purpose of sub-division/split of every 1 equity share having a face value of Rs.10/- each, into fully paid-up 5 equity shares having a face value of Rs. 2/- each fully paid-up, the Board of Directors of the company have fixed Friday, November 15, 2024 as the record date.

Contil India Stock Split Announcement

“The equity shares of the Company are listed and traded on the BSE Limited. In order to provide enhanced liquidity in the capital market through widening shareholder base and to make it more affordable for small investors, the Board of Directors of the Company in its meeting held on 2nd August, 2024 considered and approved the sub-division/splitting of the existing equity shares of the Company, such that each Equity Share having face value of Rs.10/- (Rupees Ten Only) Each fully paid-up, be subdivided into 5 (Five) Equity Shares having face value of Rs. 2/- (Rupee Two Only) each, fully paid-up, ranking pari-pasu with each other in all respects,” Contil India informed stock exchanges.

“The Sub-Division/Split of Equity Shares of the Company as aforesaid will require alteration to the existing Capital Clause i.e., Clause V of the Memorandum of Association of the Company. There will not be any change in the aggregate amount of authorized, subscribed, issued and paid-up share capital of the Company on account of Sub-Division/Split of the Equity Shares. Further, such Sub-Division/Split shall not be construed as reduction in share capital of the Company in any manner, in accordance with the applicable provisions of the Companies Act, 2013,” the company said in a regulatory filing.

Contil India Share Price Target

“Contil India is slightly bearish on the Daily charts with strong resistance at 310. A Daily close below support of 258 could lead to a target of 215 in the near term,” said A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.

Story first published: Wednesday, November 6, 2024, 0:05 [IST]