KPR Mill opened 8.5% higher today at Rs.1844 and went on to hit a new high at Rs.1868.40 though it has come off the high and is now trading at Rs.1797 levels.
The Board of the company is scheduled to meet on 27th June to consider proposal for sub-division of the face value of the equity shares of the company.
The company will sub-divide the face value of equity shares from Rs 5 each to a lower denomination.
The objective is to make it more affordable for the small retail investor and increase liquidity.
The board will also consider the un-audited financial results for the quarter ended June 30, 2021 (Q1FY22).