Krishana Phoschem Limited has informed the Exchange regarding Outcome of Board Meeting held on May 26, 2026.
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Krishana Phoschem's board approved several significant actions at its May 26, 2026 meeting. Key decisions include a 1-for-5 stock split reducing face value from Rs. 10 to Rs. 2 per share, aimed at improving liquidity and accessibility for smaller investors. The company also proposed raising up to Rs. 1,000 Crores through new securities (equity, bonds, debentures, or warrants) via various modes including QIP, rights issue, or preferential allotment. Borrowing and asset creation powers were both increased to Rs. 2,000 Crores, while inter-company lending limits under Section 185 were raised to Rs. 300 Crores. Mrs. Archana Dangi was appointed as Additional Non-Executive Independent Director for a 5-year term. The AGM is scheduled for June 24, 2026, with June 17 as the record date for dividend entitlement. The company's paid-up capital remains Rs. 61.83 Crores pre and post-split.
The stock split is positive for retail investors as shares will become more affordable, potentially boosting trading volumes and shareholder base. The Rs. 1,000 Crore fund-raising plan indicates significant expansion ambitions but may cause equity dilution. Increased borrowing powers suggest potential debt-funded growth or refinancing activity.