Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board has considered and approved the sub- division/ split of existing 1 equity share of face value ....
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The Board of Directors of Manbro Industries Ltd has approved a sub-division (stock split) of equity shares in the ratio of 1:10, i.e., each existing equity share of face value ₹10 will be split into 10 equity shares of face value ₹1 each, fully paid-up. The split is subject to shareholder and regulatory approvals, and the record date will be announced later. Post-split, the issued, subscribed and paid-up share capital will rise to 5,80,10,500 shares of ₹1 each (total value unchanged at ₹5,80,10,500). The company expects to complete the process within two months of receiving shareholder approval. The rationale cited is to make shares more affordable for retail investors and improve liquidity in the market.
The stock split lowers the per-share price, which typically improves liquidity and broadens retail participation without changing the company's overall market capitalisation. Shareholders will automatically hold 10 times more shares at one-tenth the price after the record date.