Split Announcement for Som Distilleries & Breweries Ltd - Apr 2, 2024

On Apr 2, 2024, a significant event unfolded in the financial markets as Som Distilleries & Breweries Ltd announced a stock split, marked by May 24, 2024. The company opted for a substantial adjustment, reducing its face value before the split from 5 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.