Board approves 1:2 split and recommends 1:1 bonus issue

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Price reactionminutes from the announcement price · days from the prior close

-7.1%Reaction day

₹2931.00

prior close

₹2725.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-7.5% vs market

Pesticides & Agrochemicals peers, median of 26sector+0.0%-7.1% vs sector

On the reaction day the stock moved 7.5 pts less than Nifty Microcap 250 and 7.1 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+1.8

15m

+1.5

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.1+0.4-7.5+0.0-7.1

Next day

-5.6+0.6-6.2+0.4-5.9

-7.2+1.1-8.3+0.4-7.6

-7.8+0.9-8.7-0.3-7.6

-7.6+0.6-8.2-2.7-4.9

-8.5+1.6-10.2-2.4-6.1

-7.0-0.8-6.2-4.7-2.3

15d

-12.9-0.6-12.3-8.8-4.1

-11.3-2.2-9.1-7.7-3.6

-21.9-6.0-16.0-8.9-13.1

-43.1-13.1-30.0-13.8-29.3

UpDownMarket · Nifty Microcap 250Sector · Pesticides & Agrochemicals peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved splitting each Rs 10 share into two Rs 5 shares, taking 4,155,268 shares to 8,310,536. It also recommended one bonus share for every share, raising the total to 16,621,072 shares and capital to Rs 8.31 crore. Both need shareholder approval. The split is expected within about two months of shareholder approval, while bonus shares are targeted by December 23, 2025.

Likely market impact

Split and bonus would quadruple shares, improving liquidity and affordability, while ownership value stays unchanged. Both need shareholder approval.