Intimation of Amendment of Capital Clause of Memorandum of Association of the company pursuant to Sub-division of the Equity Shares of the company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company has approved a stock split where each equity share of Rs. 10 face value will be subdivided into 5 shares of Rs. 2 face value. This was approved by shareholders in an Extraordinary General Meeting held on May 4, 2026. The authorized share capital remains at Rs. 15 crores, now divided into 7.5 crore shares of Rs. 2 each. The amendment to Clause V of the Memorandum of Association has been filed and approved on May 22, 2026. This is a standard corporate action to improve liquidity and make shares more affordable for retail investors.
This split increases the number of shares by 5x while reducing the per-share price proportionally. Existing shareholders maintain the same total investment value. The split typically aims to make the stock more accessible and potentially improve trading liquidity.