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Arif Habib Limited is making a strategic move to enhance market liquidity and investor accessibility by announcing a 10-for-1 stock split. This means the face value of its shares will drop from Rs. 10 to Re. 1, significantly increasing the number of issued shares from 421.7 million to 4.2 billion without altering the total paid-up capital.
For shareholders, this translates to receiving 10 shares of Re. 1 each for every Rs. 10 share they currently hold. The effective date will be announced after securing regulatory approvals. To finalize this, an Extraordinary General Meeting (EGM) is set for March 19, 2025, where shareholders will vote on the proposal.
Alongside this, AHCL has reported impressive financial results for the first half of FY25, posting a profit after tax of Rs. 5,986 million, up from Rs. 5,431 million in the same period last year. Earnings per share (EPS) also climbed to Rs. 14.66 from Rs. 13.30. CEO Shahid Ali Habib emphasized that this decision aligns with AHCL’s goal of making its shares more accessible while ensuring sustainable long-term growth for investors.
