Padam Cotton Yarns in focus after its board approves share split

Padam Cotton Yarns Limited hit a 5% lower circuit at ₹72.84 on Wednesday, after the company's Board approved the sub-division/split of equity shares of the company in a 1:10 ratio, which means 1 equity share of ₹10 each (fully paid-up) will be subdivided into 10 equity shares of ₹1 each (fully paid-up), subject to the necessary approvals.