Dear Sir/Madam, Enclosed herewith outcome of Board meeting held today. Kindly take above cited information on your record.
Awaiting price reaction for this filing.
Colab Platforms announced that its board approved a sub-division/split of equity shares in the ratio of 1:2, where each share of face value Rs. 2 will be divided into 2 shares of Re. 1 each, subject to shareholder approval. The company also announced a strategic expansion into India's Predictive Gaming market, which reportedly has over 50 million users and annual transaction volumes exceeding Rs. 50,000 crore. Pre-split paid-up capital stands at Rs. 20.4 crore (10.2 crore shares of Rs. 2), which will become 20.4 crore shares of Re. 1 post-split. An Extra-Ordinary General Meeting has been scheduled for April 28, 2025, to seek shareholder approval for the split. The company expects the split process to complete in approximately 2 months from the announcement date.
The stock split is aimed at improving liquidity and making shares more affordable for retail investors, though it does not change the company's overall market value. The move into Predictive Gaming opens a new high-growth revenue stream alongside the existing sports technology business, which could support long-term earnings if execution is successful.