2:1 Stock Split: 15th November Record Date For Sub-Division of Shares; BUY?

Material handling equipment (MHE) and engineering products (EPD) for a range of sectors are produced and supplied by Jost's Engineering Company Limited. Jost's Engineering Company Limited, a material handling equipment (MHD) producer and supplier of a wide variety of engineering product (EPD) solutions with applications in several sectors, was founded in 1907 and has its headquarters in Mumbai.

Jost's Engineering Company Stock Split

In order to subdivide or split the company's existing equity shares, the company has set Friday, November 15, 2024, as the "Record Date" for determining the eligibility of equity shareholders for the purpose of 2:1 stock split or one equity share with a face value of Rs. 2/-each, fully paid-up, will be divided into two equity shares with a face value of Rs. 1/-each, fully paid-up, ranking pari-passu in all respects, as approved by the equity shareholders at the Annual General Meeting on September 16, 2024.

Jost's Engineering Company Q2 Results Date

"Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that the meeting of the Board of Directors of the Company will be held on Thursday, the 07th November, 2024, inter‐alia to consider and approve: i) Un‐Audited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2024; and ii) Other usual routine matters including any other matter brought before the Board, with the kind consent of the chair. Please note that the trading window for buying and selling Company's securities have been closed with effect from 01st October, 2024 till 48 hours of the declaration of the Unaudited Financial Results for the quarter ended 30th September, 2024, pursuant to Company's Code of Conduct for "Prevention of Insider Trading in Company's securities". The same has been intimated to the designated persons," the company said in a stock exchange filing.

Jost's Engineering Share Price Target

"Josts Engineering is sideways to bearish on the Daily charts with strong resistance at 1189. A Daily close below support of 1050 could lead to a target of 904 in the near term," recommended A R Ramachandran, Independent Research Analyst.

Disclaimer

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