Outcome of Board Meeting
Price
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The board of Chandrima Mercantiles Ltd, at its meeting on May 19, 2025, approved a stock split in the ratio of 1:10, sub-dividing each equity share of face value Rs. 10 into 10 shares of Re. 1 each, subject to shareholder approval and expected to complete within 6 months. The move aims to improve liquidity, broaden the shareholder base, and make shares more affordable to small investors; the company's total paid-up capital (Rs. 22.21 crore) remains unchanged in value terms. The board also approved audited financial results for Q4 and FY25, with full-year revenue rising about 50% to Rs. 29.19 crore (from Rs. 19.43 crore in FY24) and net profit improving to Rs. 72.94 lacs (from Rs. 26.30 lacs), though Q4 FY25 swung to a loss of Rs. 98.87 lacs versus a Rs. 236.09 lacs profit a year ago. Additionally, M/s. Jay Pandya & Associates was appointed as Secretarial Auditor for FY25 and M/s. U G B & Company as Internal Auditor for FY26. The statutory auditor issued an unmodified opinion on the FY25 results.
The stock split should make shares more affordable and improve liquidity, likely attracting retail participation, but is contingent on shareholder approval at a forthcoming general meeting. While annual profitability improved, the Q4 loss and lower EPS (Rs. 0.57 vs Rs. 1.19 in FY24) signal weak quarter-end performance that investors should weigh against the full-year gains.