Enclosing herewith the notice of Extra Ordinary General meeting of Colab Platforms Limited to be held on Monday 28th April 2025 at 12:00 p.m. through VC/OAVM. The same in available on ....
Awaiting price reaction for this filing.
Colab Platforms Limited has called an Extra Ordinary General Meeting (EOGM) on April 28, 2025, at 12:00 p.m. via video conferencing. The sole special business is a stock split proposal where each equity share of face value Rs. 2 will be sub-divided into 2 equity shares of face value Re. 1 each. The total share capital remains unchanged — authorised capital stays at Rs. 45 crore (22.5 crore shares of Rs. 2 becoming 45 crore shares of Rs. 1), and issued/subscribed capital stays at Rs. 20.40 crore (10.2 crore shares becoming 20.4 crore shares). The company says the split aims to improve liquidity and attract small and retail investors by making shares more affordable. The Memorandum of Association will also be amended to reflect the new face value. E-voting will be open from April 25 to April 27, 2025, with the cut-off date set as April 21, 2025.
Existing shareholders will automatically receive 2 shares of Re. 1 for every 1 share of Rs. 2 they hold, with no change in their total investment value. Stock splits are generally viewed positively as they lower the per-share price, improve liquidity, and can attract more retail participation — though the underlying value of the company does not change.