Dear Sir/Ma'am, Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing and Obligations and Disclosures Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Caspian Corporate Services approved a consolidation of shares, where every 10 equity shares of face value Re. 1 each will be merged into 1 equity share of face value Rs. 10 each. As a result, the number of outstanding shares will reduce from about 12.66 crore to 1.26 crore, while the total share capital remains unchanged at Rs. 12.66 crore. The company said the rationale is to improve valuation perception of the stock. Shareholders will be asked to approve this through a postal ballot, with e-voting running from November 13 to December 12, 2025. The change is expected to be completed within about 2 months, subject to shareholder approval.
This is a cosmetic change with no impact on a shareholder's total investment value, but the share price is likely to mechanically adjust upwards by roughly 10x post-consolidation. Trading volumes and liquidity could become thin given the small size of the company, so smaller shareholders should be aware of potential price volatility.