AVRO INDIA LIMITED has informed the Exchange that the Board of Directors at its meeting held on March 25, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 10 equity shares of Re. 1 each.
AVROIND · price
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The Board of Directors of AVRO India Limited, at its meeting on March 25, 2026, approved a sub-division (stock split) of 1 equity share of face value Rs. 10 each into 10 equity shares of face value Re. 1 each, subject to shareholder approval. Currently, the company has 1,33,11,050 equity shares of Rs. 10 each as paid-up capital; post-split, this will become 13,31,10,500 shares of Re. 1 each. The authorized capital will correspondingly change from 1,50,00,000 shares of Rs. 10 to 15,00,00,000 shares of Re. 1 (Rs. 15 crore total). An Extra-ordinary General Meeting has been scheduled for April 18, 2026 to seek shareholder approval. The company stated the rationale is to improve share liquidity and make shares more affordable for retail investors. The split is expected to complete within two months of receiving shareholder and regulatory approvals.
A 1:10 stock split does not change the company's overall market value but should make shares roughly 10 times cheaper per unit, potentially improving liquidity and retail participation. Shareholders will automatically own 10 times more shares post-split, with the price adjusting proportionally. Short-term price reaction is typically neutral to mildly positive.