Krishana Phoschem Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
KRISHANA · price
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Krishana Phoschem Limited's Board approved several key proposals at its meeting on May 26, 2026. Key decisions include: (1) A stock split reducing face value from Rs. 10 to Rs. 2 per share in 1:5 ratio to improve affordability and liquidity; (2) Seeking shareholder approval to raise up to Rs. 1,000 Crore through equity, debt or hybrid securities; (3) Increasing borrowing powers to Rs. 2,000 Crore and Section 185 limits to Rs. 300 Crore; (4) Appointing Mrs. Archana Dangi as Additional Non-Executive Independent Director; (5) Fixing AGM on June 24, 2026 with record date June 17, 2026 for dividend entitlement. The company noted that its previous Rs. 1,000 Crore fundraise plan was not pursued due to unfavorable market conditions.
The stock split and capital raising plans could attract retail investors and improve trading liquidity, though increased debt limits signal potential leverage. No specific financial results or metrics were disclosed in this filing.