Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, we wish to inform you that the Company has fixed Tuesday, May 26, 2026, as the ''Record Date'' for the purpose of determining ....
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The company has announced May 26, 2026 as the Record Date for two corporate actions. First, each equity share of face value ₹10 will be split into 5 shares of face value ₹2 each. Second, bonus shares will be issued in a 1:10 ratio, meaning shareholders will receive 1 bonus share for every 10 shares held. Both actions are subject to shareholder approval. The split will increase liquidity by reducing the per-share price while the bonus issue rewards existing shareholders with additional shares at no cost.
The stock split makes shares more affordable and accessible to smaller investors, potentially improving trading volumes. The 1:10 bonus issue increases total shares outstanding without any cash outflow, effectively distributing reserves to shareholders.