Terms of the offer
BEML Ltd has declared a 1:2 stock split, reducing the face value of shares from Rs 10 to Rs 5. The record date is set for November 3. This move aims to enhance share liquidity and accessibility for investors. Shareholders will see their number of shares double, though the total investment value remains unchanged. Investors must hold BEML shares by the record date to benefit from the split, considering the T+1 settlement cycle. BEML Limited, previously known as Bharat Earth Movers Limited is an Indian public sector undertaking that operates under the Ministry of Defence. The company works across multiple business verticals to serve the key sectors of defence, rail, power, mining and infrastructure. Bharat Earth Movers Limited ( BEML ) Defence exports reached US$ 2.63 billion in FY24, up by 32.5% from last year. Established in 1964, BEML stated as a manufacturer of rail coaches & spare parts and mining equipment in Bengaluru. BEML is India's leading mining and construction equipment manufacturer and Asia's second largest equipment company, BEML offers diverse range of mining machinery for both opencast and underground mining.
