Madhya Bharat Agro Products Limited has informed the Exchange that the Board of Directors at its meeting held on May 26, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 5 equity shares of Rs. 2 each.
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The Board of Directors approved a 1:5 stock split, converting 1 equity share of Rs. 10 face value into 5 shares of Rs. 2 each. This will increase the number of shares from 8.76 crore to 43.81 crore while the total capital remains unchanged. The split aims to enhance liquidity and make shares more affordable for a wider investor base. The company also increased borrowing powers to Rs. 2,500 crores, proposed a fresh fund raise of up to Rs. 1,000 crores, and fixed June 17, 2026 as the record date for final dividend. All proposals are subject to shareholder approval at the ensuing AGM.
The stock split typically makes shares more accessible to retail investors and may boost trading volumes, though it does not change the fundamental value of holdings. The proposed Rs. 1,000 crore fund raise could dilute existing shareholders if pursued.