Board approves 5-for-1 split of equity shares

Stock SplitCorporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹211.00

prior close

₹204.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-2.2% vs market

Residential Commercial Projects peers, median of 59sector-1.8%-2.1% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.1 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9-1.7-2.2-1.8-2.1

Next day

-3.0-1.3-1.7-2.0-1.1

-6.2-1.7-4.6-2.1-4.1

-5.3-1.9-3.4-2.4-2.9

-5.0-1.0-4.0-2.8-2.2

-6.5-1.1-5.4-2.8-3.7

-6.9-0.6-6.3-2.9-4.0

15d

-3.7-3.0-0.7-5.3+1.6

-10.9-8.1-2.8-9.7-1.2

-6.6-4.8-1.8-8.1+1.5

-31.5-9.1-22.4-14.3-17.2

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 59Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved subdividing 39,359,130 fully paid equity shares of Rs 10 each into 196,795,650 shares of Rs 2 each, a 5-for-1 split. Shareholder and other required approvals are pending. The record date will be announced later, with completion targeted within two months after approval. The company aims to improve retail access and liquidity.

Likely market impact

The share price normally adjusts in the same proportion, while ownership and total value remain unchanged. The split is not yet effective.