Fixation of Record date for sub division/split of the existing equity shares of the Company
Awaiting price reaction for this filing.
The company has fixed Friday, 27th February 2026 as the record date for a stock split that was approved via postal ballot on 6th February 2026. Under the split, each existing equity share with a face value of Rs. 10 will be divided into 5 equity shares with a face value of Rs. 2 each. This means every shareholder holding 1 share will end up with 5 shares after the record date, though the total value of their holding remains the same. The split also requires an alteration to the capital clause of the company's Memorandum of Association. The company is notifying BSE under Regulation 42 of SEBI Listing Regulations.
The stock split makes shares more affordable and improves liquidity by increasing the number of shares outstanding. It typically has no fundamental impact on company value but may attract more retail participation.