Sub Division/Split of Equity Shares of the Company.
Price
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The board of Dev Labtech Venture Ltd (BSE SME, Scrip Code: 543848) approved a sub-division (stock split) of equity shares in the ratio of 1:2, where each Rs. 10 face value share will be split into 2 shares of Rs. 5 each, making shares more affordable for small investors and improving liquidity. The company also approved a bonus issue in the ratio of 1:1 (post-split), meaning shareholders will receive 1 free share for every 1 share held, effectively doubling their share count. The authorised share capital is being raised from Rs. 15 crore to Rs. 25 crore to accommodate these changes. Additionally, the company is expanding its business objects to include food and beverages (spices, packaged foods, drinks) and shipping/marine businesses (ship ownership, chartering, shipbuilding, port operations). A term loan of Rs. 744.22 lakh from SIDBI has also been approved. All major decisions are subject to shareholder approval via postal ballot, with execution expected by 25th May 2026.
For shareholders, the stock split will halve the share price (in theory), making it more accessible to retail investors, while the 1:1 bonus issue will double their shareholding. Combined, an investor effectively gets 4 shares for every 1 held earlier, though the underlying value remains the same. The new business diversification into food and marine/shipping sectors signals a major shift in the company's focus. The SIDBI term loan indicates planned capex/expansion. Shareholders should watch the postal ballot results and record date announcements.