Caspian Corporate Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 ,inter alia, to consider and approve 1) the consolidation ....
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Caspian Corporate Services Ltd has informed BSE that its Board of Directors will meet on Friday, 7 November 2025. The Board will consider and approve the consolidation of equity shares of face value Re. 1 each, along with related matters. It will also approve the draft notice of a postal ballot to seek shareholder approval for the consolidation, and appoint a scrutinizer for the e-voting process. The trading window for insiders is already closed and will reopen 48 hours after the declaration of unaudited financial results for Q2/H1 FY26 ended 30 September 2025. No final ratio, record date, or effective date has been disclosed yet — these will follow shareholder approval via postal ballot.
Share consolidation (reverse split) reduces the number of outstanding shares by merging them into fewer shares of higher face value, which can lift the per-share price but does not change the company's overall market value. Shareholders should wait for the proposed ratio and postal ballot details to assess the actual impact on their holdings.