Apollo Micro Systems fixes record date for share sub-division

New Delhi: Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10.

On March 28, the company's shareholders approved a proposal for the share division through a postal ballot, the company said in a statement.       

Subsequently, the board also passed the necessary resolution on April 6, 2023, and fixed May 4 as the record date for the sub-division of shares, it said.         

One equity share of Rs 10 each will be sub-divided into 10 equity shares of Re one each fully paid up, AMSL said.       

Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace, and defence, among others.