Board clears 1:10 stock split, 3 resignations, 3 new director appointments
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved 1:10 stock split (Rs. 10 to Re. 1 face value), pending shareholder approval. Paid-up capital stays at Rs. 18.71 crore; share count rises from 1.87 crore to 18.71 crore. Three directors resigned: Priyansh Parekh, Neepa Kothari, and Vinod Mehta. Three new directors appointed: Nitish Mehta and Hiren Shah as Executive Directors; Sandeep Mahadik as Independent Director for 5 years. 10 promoter group members seek reclassification to public category. Board committees reconstituted.
Stock split may lift liquidity and retail participation. Significant board reshuffle with 3 exits and 3 new faces; promoter reclassification reduces promoter stake.