Bansal Wire announces 1:5 stock split, board changes
BANSALWIRE · price
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Bansal Wire Industries board approved splitting each equity share of face value Rs. 5 into 5 shares of Rs. 1, subject to shareholder approval at 41st AGM on September 17, 2026. Rationale is to make shares more affordable and improve liquidity. Post-split, authorized equity capital rises to 89 crore shares of Rs. 1. Board also appointed Ramesh Kumar Choubey as independent director for 5 years and accepted Sunita Bindal's resignation citing personal commitments. Record date to be announced after shareholder nod.
Lower share price post-split may attract retail investors and boost liquidity. No change in overall company value.