Postal Ballot Notice- Disclosure under Regulation 30 of the SEBI LODR Regulations, 2015
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Caspian Corporate Services Ltd (BSE: 534732) has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions. The first resolution proposes consolidating every 10 equity shares of face value Rs. 1 each into 1 equity share of Rs. 10 each, keeping the total share capital unchanged at Rs. 13 crore (authorized) and Rs. 12.66 crore (paid-up). Post-consolidation, the share count will reduce from about 12.66 crore to about 1.266 crore shares. The second resolution seeks to amend the Capital Clause of the Memorandum of Association and Articles of Association to reflect the new face value. E-voting runs from November 13, 2025 to December 12, 2025, with results to be announced by December 16, 2025. The cut-off/record date is November 7, 2025.
This is a share consolidation (reverse split) and not a value-creating event by itself - each shareholder's proportional ownership and the company's total market value remain unchanged, though share count reduces tenfold. The management cites better valuation perception and investor confidence as the rationale. Shareholders with non-multiples of 10 shares will receive cash for fractional entitlements, which may trigger small taxable events for some holders.