Shareholders approve stock split 1:10, face value Rs 10 to Re 1

Stock SplitCorporate Actions View source PDF Explain this filing

GNRL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹97.98

prior close

₹98.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.8% vs market

Oil Exploration & Production peers, median of 5sector-1.4%+0.9% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.9 pts more than its Oil Exploration & Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.1

15m

-1.1

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-1.3+0.8-1.4+0.9

Next day

-2.4-1.3-1.1-1.5-0.9

+0.7+0.0+0.7-1.0+1.7

-0.5-0.2-0.3+0.7-1.2

-2.6-3.0+0.4-1.1-1.5

-3.0-2.7-0.3-1.3-1.7

-3.3-1.7-1.6-1.7-1.7

15d

-10.2-8.9-1.3+1.2-11.4

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UpDownMarket · Nifty Microcap 250Sector · Oil Exploration & Production peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

At the 35th AGM on 30 September 2026, shareholders approved splitting 1 equity share of face value Rs 10 into 10 equity shares of face value Re 1. Paid-up shares will rise from 15.34 crore to 153.4 crore, while total capital stays unchanged at about Rs 153.4 crore. The company says the split aims to improve liquidity and make shares more affordable for retail investors. Implementation is expected within about two months, subject to regulatory approvals.

Likely market impact

Likely short-term price adjustment (roughly one-tenth), higher retail participation and improved liquidity over time.