Chennai based Bafna Spinning Mills and Exports Limited has informed the share market (BSE/NSE) that the Board of Directors of the company has fixed 13th April 2011 as Record Date for the purpose of Stock Split/ Sub-division of Equity Shares in a ratio of 5:1 as part of its plan to improve the liquidity of its scrip. Bafna Spinning Mills and Exports shares of Rs 5 face value each will be split into five equities shares of Rs 1 face value each.
Bafna Spinning Mills and Exports Limited was incorporated on 1990 as a public limited company and obtained the Commencement of Business Certificate on 1991, from the Registrar of Companies, Tamilnadu at Coimbatore. The main objects of the company are fully set out in the Memorandum and Articles of Association of the company. The proceeds of the company’s public issue in August 1994 was utilized for implementing the project for 100% Export Oriented Unit for manufacture of cotton combed hosiery yarn and double warp yarn.
Share’s Data :-
BSE Code : 531733
Market Cap : Rs 7.78 Crores
Bafna Spinning Mills and Exports Ltd. share’s CMP is Rs 2.00 on 8th Apr 2011.
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