Information and communication (ICT) solutions provider Black Box Limited has fixed 17 May 2022 as the record date for the purpose of a stock split. Each equity share having a face value of ₹10 will be split/ sub-divided into five fully paid-up equity shares having a face value of Rs.2 each. The Ex-Split date is 13 May 2022.
Earlier, the company said that the rationale behind the stock split is to facilitate a larger shareholder base to increase liquidity in the capital market and to make shares more affordable to small shareholders.
The company’s consolidated net profit declined 58.21% to ₹15.38 crore on an 11.79% rise in sales to Rs 1387.41 crore in Q3 FY22 over Q3 FY21.
Black Box (formerly known as AGC Networks Limited) provides information and communication solutions globally and is an integrator in business communication systems, applications and services.
The shares of the company have given multibagger returns in the last five years as their share price increased by 654.25%. Its shares are currently trading at ₹788.35 apiece.
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