Info Edge (India) Limited has informed the Exchange that pursuant to the requirements of Regulation 30 read with Part A of Schedule III of SEBI Listing Regulations, we wish to inform you that the members of the Company have approved alteration of the Articles of Association of the Company consequent to the sub-division/split of existing equity shares of the Company and alteration to existing Memorandum of Association ('MOA') of the Company by way of adoption of new set of MOA to make it in line with the Companies Act, 2013, by way of Special Resolution(s) passed through postal ballot on April 11, 2025.
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Info Edge (India) Limited has informed the stock exchange that its shareholders have approved, via postal ballot on April 11, 2025, the sub-division (stock split) of the company's existing equity shares by passing a Special Resolution. In addition, members approved alterations to the Articles of Association to reflect this sub-division, along with the adoption of a new set of Memorandum of Association (MOA) to align with the Companies Act, 2013. The filing was made under SEBI Listing Regulations (Regulation 30 read with Part A of Schedule III). The split ratio and effective date have not been disclosed in this particular filing.
Stock splits typically lower the per-share price, making shares more affordable and improving retail liquidity, while the total value of each shareholder's holding remains unchanged. Investors should watch for the next announcement detailing the split ratio and record date.