SC Agrotech Eyes 10-for-1 Split Amidst Profit Surge

SC Agrotech's Board has greenlit a proposed 10-for-1 stock split, subdividing each equity share into ten, and a 4-for-5 bonus issue, offering four bonus shares for every five held. These corporate actions are pending shareholder and other necessary approvals.

The company reported a substantial improvement in its September-quarter performance, with net profit skyrocketing by nearly 48 times year-on-year. An investor holding 400 shares would see their total holding increase to 7,200 shares after the split and bonus issue.

Furthermore, SC Agrotech has launched AgriBridge, a new digital agriculture platform designed to link farmers, suppliers, and institutional buyers. The company is also considering an increase in its authorized equity share capital by ₹61 crore, with no dividend declared at this time.

Shareholder approval for these significant corporate actions will be sought at an extraordinary general meeting scheduled for December 11. Record dates for these corporate actions are yet to be announced by the company.