The Board has on 24.07.2025 approved Re-classification of Capital, Sub-division / Stock Split, Increase in Authorised Share Capital, Alteration of MOA and date of 90th AGM. The detailed ....
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Kesar Enterprises' Board, at its meeting on 24 July 2025, approved a 1:10 sub-division (stock split) of equity shares, converting every Rs. 10 face value share into 10 shares of Re. 1 each. Alongside, the Board approved reclassifying its Rs. 22 crore Authorised Share Capital from a mix of equity and preference shares into 2.20 crore equity shares of Rs. 10 each. After the split, the Authorised Share Capital will be raised from Rs. 22 crore to Rs. 28 crore (28 crore equity shares of Re. 1 each). Paid-up equity shares will move from 1,00,79,682 (Rs. 10 face value) to 10,07,96,820 (Re. 1 face value). The rationale cited is improving market liquidity, widening the shareholder base, and making shares affordable for retail investors. The actions are subject to shareholder approval at the 90th AGM on 22 August 2025.
Existing shareholders will automatically hold 10 times more shares at one-tenth the price post-split, with no change in total investment value. The lower per-share price should improve liquidity and retail participation, which can be positive for trading volumes. Total share count and market capitalisation remain unchanged.