The Board has approved Re-classification of the Authorised Share Capital i.e. Preference Share Capital into Equity Share Capital, Sub-division (stock split) of every 1 (One) equity share ....
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The board of Kesar Enterprises has approved a 1:10 stock split, where every existing equity share of Rs. 10 face value will be divided into 10 equity shares of Re. 1 each. The board also approved converting 1 crore preference shares of Rs. 10 each into equity shares, effectively reclassifying the entire Rs. 22 crore authorized capital into equity. Following this, authorized capital will increase from Rs. 22 crores to Rs. 28 crores. The current paid-up equity capital of 1,00,79,682 shares (Rs. 10.08 crores) will become 10,07,96,820 shares of Re. 1 after the split. The rationale given is to improve liquidity, widen the shareholder base, and make shares more affordable for small and retail investors. Shareholders will vote on this at the 90th AGM scheduled for 22nd August 2025, and the split is expected to be completed within 2-3 months after that approval.
For existing shareholders, the total value of their holding stays the same, but each share will be split into 10 smaller shares, making the stock more affordable and potentially improving trading liquidity. The share price will technically adjust downward proportionally after the split takes effect.