Aris International announces 1:2 stock split and Rs 50 crore loan proposals

Aris International's board has approved splitting each equity share of Rs 10 face value into 2 shares of Rs 5 face value, subject to shareholder approval via postal ballot. Share count will rise from 15 lakh to 30 lakh; total paid-up capital stays at Rs 1.5 crore. Board also approved giving loans, investments and guarantees up to Rs 50 crore under Section 186, and similar limits under Section 185 for loans to interested directors. All items need shareholder nod through postal ballot.