Board okays 1:2 share split, Rs 50 Cr loan approvals
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Aris International board has approved a stock split of each Rs 10 face value equity share into 2 shares of Rs 5 each, subject to shareholder approval. Paid-up capital stays at Rs 1.5 Cr but share count doubles from 15 lakh to 30 lakh. The board also approved proposals under Sections 185 and 186 of the Companies Act for loans, investments, and guarantees up to Rs 50 Crore each. A postal ballot will seek member approval.
Share split may improve liquidity and retail participation. Rs 50 Cr loan approvals raise capital deployment concerns. All subject to shareholder nod via postal ballot.