Split Announcement for Refex Industries Ltd - Jan 24, 2024

On Jan 24, 2024, a significant event unfolded in the financial markets as Refex Industries Ltd announced a stock split, marked by Mar 22, 2024. The company opted for a substantial adjustment, reducing its face value before the split from 10 to 2.

This strategic move aimed to make the company's shares more accessible and affordable to a broader range of investors. With this adjustment, each shareholder received a proportionate increase in the number of shares they held, maintaining their overall ownership stake in the company while potentially enhancing liquidity and marketability. The split, a common corporate action undertaken to manage share price levels and attract investment, reflects the company's confidence in its future growth prospects and its commitment to maximizing shareholder value.