Winsome Yarns Ltd
NSE Code: WINSOMYARN
BSE Code : 514348
Winsome Yarns Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on August 28, 2009, inter alia, have accorded their approval for split / sub-divide equity shares of the Company of Rs. 10/- each into 10 equity shares of Re. 1/- each so that:
(a) The existing Authorized Share Capital of the Company of Rs. 43,00,00,000/- (Rupees Forty Three Crores only) divided into 4,30,00,000 (Four Crore Thirty lacs) equity shares of Rs. 10/- each be sub-divided into 43,00,00,000 (Forty Three Crores) equity shares of Re. 1/- each;
(b) Accordingly, the paid-up equity share capital consisting of equity shares of Rs. 10/- each be sub-divided into equity shares of Re. 1/- each;
(c) All the proposed Convertible Warrants, if allotted, shall be converted into Equity Shares and are presently convertible to one Equity Share of Rs. 10/- each, will after such subdivision coming into effect be entitled to be converted into 10 Equity Shares of Re. 1/- each.
(d) The number of Equity Shares to be allotted upon conversion of all warrants allotted by the Board hereinafter but before the record date for such split / sub-division shall be adjusted such that where each Warrant is convertible into one Equity Share of Rs. 10/- each, such Warrant shall, after the subdivision coming into effect, be convertible into 10 Equity Shares of Re. 1/- each.
but how will split of the stock benefit to yhe company & the share holders
i’m interested in buying this stock but just not able to predict its near future . Please help me out soon with a valid reason.
I HAVE PURCHES 25000 SHARE WINSOMYARN EQ 4.5/- RS THEN STOCK IS GOING DOWN CONTINUE TODAY RATE OF 1.85/- LOWER CERCIT WHAT REASON OF STOCK IS GOING DOWN PLS GIDE ME I HOLD THIS EQ OR SALE AND BOOK LOSS PLS GIDE ME WHAT REASON OF WINSOMYARN STOCK FALLING DOWN
Dear Sir
This is a penny stock
the biggest reason of all is decline in Nifty
You are in loss already
and there is nothing you can do now as its in lower circuit
if Markets Rise Again this Stock will again start Flying
So I can not Comment on it
As its a Specualtive share Decision is yours about what to do
I have 100 shares of Winsome yarns Limited ( Face Value Rs 10/-) Due to non-receipt of information for face value split from Rs 10 to Rs 1/- the same are not converted into Rs 1/- face value. Now I want to know what I should for the same
Dear Sir
if these were in Demat Form then the Split would have happened automatically
Still you can check with transfer agent of winsome yarns at
Link Intime India Pvt. Ltd.
A-40, 2nd floor, Near Batra Banquet Hall
Phase- II,Naraina Industrial Area
New Delhi – 110028
Telephone 011-41410592/93/94
Fax 011-41410591
Email delhi@linkintime.co.in
Hope this info is useful for you
Regards