Outcome of Board Meeting held on 27.03.2026.
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The board approved a major set of corporate actions, all subject to shareholder approval via postal ballot. Authorised share capital is being raised from Rs. 15 crore to Rs. 25 crore (1.5 crore shares to 2.5 crore shares of Rs. 10 each). The company will split each equity share of Rs. 10 face value into two shares of Rs. 5, taking paid-up shares from about 1.19 crore to roughly 2.37 crore. After the split, a 1:1 bonus issue will be done, effectively doubling shareholding again to about 4.74 crore shares of Rs. 5, with around Rs. 11.86 crore of reserves to be capitalised (free reserves available as on 31 March 2025 were Rs. 28.99 crore). The company is also adding two new business objects to its MOA — food and beverage products and a shipping, marine, ports and dredging business — a significant shift from its current focus. Separately, the board approved a term loan of Rs. 744.22 lakh from SIDBI.
For shareholders, the combined stock split (1:2) and bonus (1:1) means every 1 share held will become 4 shares of Rs. 5 each, improving liquidity and affordability for retail investors. The new business objects signal a strategic diversification into food products and marine/shipping, which is a material change in the company's scope. The Rs. 7.44 crore SIDBI term loan adds modest debt; record dates for the split and bonus are yet to be announced and everything is pending postal ballot approval.