Welcure Drugs & Pharmaceuticals on Monday announced that its board will meet on August 22 to discuss proposals for a stock split and a bonus issue.
According to a stock exchange filing, the company has proposed a sub-division of its equity shares in a 1:10 ratio, meaning each existing share will be split into 10 shares.
The board will also evaluate issuing one bonus share for every share held by shareholders, the filing added.