Krishana Phoschem Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
KRISHANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Krishana Phoschem's board approved several key proposals at its meeting on May 26, 2026. The most notable is a 1-for-5 stock split reducing face value from Rs. 10 to Rs. 2 per share, aimed at improving affordability and liquidity for retail investors. The company also seeks shareholder approval to raise up to Rs. 1,000 Crore via equity, debt, or hybrid securities through various modes including QIP, rights issue, or public issue. Borrowing powers and mortgage limits have been proposed to increase to Rs. 2,000 Crore each. Mrs. Archana Dangi has been appointed as Additional Non-Executive Independent Director. The AGM is scheduled for June 24, 2026, with a record date of June 17, 2026 for the final dividend.
The stock split could increase trading volumes and broaden the shareholder base, potentially improving stock liquidity. The large fundraising plan of Rs. 1,000 Crore signals ambitious expansion but may dilute existing shareholders if executed.