AVRO INDIA LIMITED has informed the Exchange regarding the Amendment to AOA/MOA of the company.
AVROIND · price
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AVRO India Limited's board, meeting on March 25, 2026, approved a sub-division (stock split) of equity shares in the ratio of 1:10, where one equity share of face value Rs. 10 will be split into 10 equity shares of face value Rs. 1 each. The company has 1,33,11,050 existing equity shares of Rs. 10, which will become 13,31,10,500 shares of Rs. 1 post-split. The record date is yet to be decided and will be communicated after shareholder approval. An Extraordinary General Meeting has been scheduled for April 18, 2026 to seek shareholder approval. The company stated the rationale is to enhance liquidity and make shares more affordable for retail investors.
Once approved, the stock split will reduce the per-share price proportionally, making the stock more accessible to retail investors and potentially boosting trading volumes. Existing shareholders will hold 10 times more shares, though the total value of their holding remains unchanged. Short-term price adjustment on the ex-split date is expected, with potential positive sentiment from improved liquidity.