Stock Split Alert: 1:10 Split For Shareholders Declared, Record Date Set; What It Means For Investors?

As a non-banking financial institution, Minolta Finance Ltd. is registered with the Reserve Bank of India. Since 1996, this Non Banking Finance Company (NBFC) has been listed on the Bombay Stock Exchange. The company's last trading price was Rs 18.10 per share, and its market capitalisation is Rs 18.10 Cr.

Minolta Finance Stock Split Record Date

"With reference to our earlier communication dated 17th January 2025, in which we had intimated the fixing of the record date as Thursday, January 30, 2025 for the purpose of determining the eligibility of shareholders of the Company for Sub-division (stock split) of every 1 (One) equity share of face value of Rs. 10.00/- each into 10 (Ten) equity shares of Face Value of Re. 1/- each as approved by the shareholders through Postal Ballot on January 05, 2025. After further consideration, the Board of Directors has decided to revise the record date and has fixed Thursday, February 06, 2025 as the revised record date," said Minolta Finance in a stock exchange filing.

Minolta Finance Financials

The company's net sales for the September 2024 quarter were Rs 0.23 crore, rising 34.35% from the September 2023 quarter's Rs 0.17 crore. In the September 2024 quarter, the company's net profit was Rs. 0.01 crore, gaining 2.33% from the same period in 2023. EBITDA decreased by 0% from Rs. 0.01 crore in Q2FY24 to Rs. 0.01 crore in Q2FY25. The NBFC firm has not yet released its Q3FY25 or December 2024 quarter financial figures.

Minolta Finance Share Price Target

"Minolta Finance stock price is bearish on the Daily charts with strong resistance at 19.05. A Daily close below support of 18.1 could lead to a target of 16 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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