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HAL announced on Thursday that "a meeting of the Board of Directors of the Company will be held on Tuesday, the 27th June, 2023, to consider, inter-alia, a proposal of sub-division of equity shares of the company."
HAL is engaged in carrying out design, development, manufacture, repair and overhaul of aircraft, helicopter, engines and related systems like avionics, instruments and accessories primarily serving Indian defence programme. As of 31 March 2023, the Government of India held 75.15% stake in the company.
HAL's consolidated net profit fell 9% to Rs 2,831.18 crore on 8% increase in revenue from operations to Rs 12,494.67 crore in Q4 FY23 over Q4 FY22.
Shares of HAL rose 1.12% to Rs 3527.70 on Thursday, 8 June 2023.
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