Dear Sir/Ma''am, We are pleased to inform you that pursuant to the provisions of Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Board of Directors has fixed ....
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The Board of Directors of Caspian Corporate Services Ltd has fixed 29 December 2025 as the record date for a consolidation (reverse split) of equity shares. Every 10 fully paid-up equity shares of face value Rs. 1 each will be consolidated into 1 fully paid-up equity share of face value Rs. 10 each. Shareholders holding shares as on the record date will be eligible for this consolidation. This is a corporate action aimed at adjusting the face value of shares, not a change in the company's market capitalisation.
Shareholders will hold 1 share instead of 10 after the consolidation, but the total value of their holding should remain the same. The share price will mechanically adjust upward by roughly 10x. Liquidity in the stock may reduce in the short term as fewer shares trade on the exchange.