BSEManbro Industries LtdMediumNeutral
Announced Mon, 9 Mar · 19:43 IST

We hereby inform that the Shareholders have approved the sub- division/ split of existing 1 equity share of face value of Rs. 10/- each, fully paid- up into 10 equity shares of face value ....

Stock SplitCorporate Actions View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Manbro Industries Ltd has received shareholder approval at an Extra-Ordinary General Meeting held on 9th March 2026 to sub-divide (split) each equity share of face value Rs. 10 into 10 equity shares of face value Re. 1. The split ratio is 1:10, meaning every existing share will become 10 shares. The total paid-up capital remains unchanged at Rs. 5,80,10,500, with the number of paid-up shares increasing from 58,01,050 to 5,80,10,500. The authorised share capital also stays at Rs. 20,25,00,000, with total authorised shares rising from 2,02,50,000 to 20,25,00,000. The company says the split is aimed at making shares more affordable for retail investors and improving market liquidity, with no impact on shareholders' voting rights or percentage holdings. The split is expected to be completed within two months, subject to regulatory approvals.

Likely market impact

The stock split lowers the per-share price and may make the stock more accessible to small retail investors while boosting liquidity. Shareholder wealth and ownership percentage remain unchanged, though short-term price volatility is possible around the effective date.