Outcome of the Board Meeting held on 08.04.2026, Wednesday at 3.30 pm to consider & approve the enclosed matters including: 1. Sub-division of 1 (One) equity share of face value of ? 10/- ....
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The Board of Directors approved a stock split where 1 equity share of ₹10 face value will be subdivided into 5 equity shares of ₹2 face value, aiming to improve liquidity and make shares more affordable for retail investors. A bonus issue in the ratio of 1:10 (1 bonus share for every 10 shares held) was also approved, to be issued from the share premium account. The company plans to raise up to ₹5 crore by issuing secured, unlisted, non-convertible debentures (NCDs) at 16% p.a. interest with 18-month tenure. Mr. Kabeer Choudhary was appointed as Executive Director. An EGM is scheduled for May 4, 2026 to seek shareholder approval for these actions, with completion targeted by June 2, 2026.
The stock split and bonus issue are positive for shareholders as they will receive more shares, increasing affordability and liquidity. The 10% bonus and 5-for-1 split will expand the share count from 88.92 lakh to approximately 4.89 crore shares post-completion.