Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing and Obligations and Disclosure Requirements) Regulations, ....
Price
▲ 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 Ltd, at its meeting on December 16, 2025, fixed December 29, 2025 as the record date for consolidating (reverse-splitting) its equity shares. Under the plan, 10 fully paid-up equity shares of face value Rs. 1 each will be merged into 1 fully paid-up equity share of face value Rs. 10 each. The consolidation had earlier been approved by shareholders through a postal ballot whose last date of receipt was December 12, 2025. The board meeting lasted from 11:30 AM to 12:05 PM. No other major corporate action was announced in this filing.
Shareholders will see their share count reduce to one-tenth after the record date (December 29, 2025), while the per-share market price is expected to adjust upward proportionally, keeping the overall value of their holding roughly the same. The higher face value and resulting higher per-share price can make the stock look more meaningful to retail and institutional buyers.