Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Awaiting price reaction for this filing.
The Board of Directors of Shri Krishna Prasadam Ltd, in a meeting held on June 5, 2025, approved a two-step corporate action on its equity shares. First, the face value will be reduced from Rs.10 per share to Re.0.10 per share (a stock split), keeping the number of shares unchanged. Subsequently, the face value will be consolidated back to Rs.10 per share, effectively resulting in a 100:1 share consolidation (reverse split). Post-consolidation, the issued and paid-up capital will remain Rs.10,10,000, but divided into 1,01,000 equity shares of Rs.10 each instead of the current 1,01,00,000 shares. The record date for implementing this change has been fixed as June 17, 2025.
Existing shareholders will see their share quantity reduce to 1/100th of what they currently hold, while the total value of their holdings and the company's paid-up capital remain unchanged. This typically lifts the per-share price, may improve trading liquidity and appeal to institutional investors, but shareholders holding fewer than 100 shares may end up with fractional entitlements that need to be settled.