Narmada Agrobase Limited has informed the Exchange that the Board of Directors at its meeting held on May 29, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 2 equity shares of Rs. 5 each.
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Narmada Agrobase Limited's Board approved a 1:2 stock split on May 29, 2026, converting 1 equity share of Rs. 10 face value into 2 shares of Rs. 5 each. The company cited enhancing liquidity and making shares more affordable for a wider investor base as the rationale. The authorized capital remains Rs. 38 crore (now 7.60 crore shares of Rs. 5 each), and the record date will be announced separately. Separately, the company reported audited FY2026 results with total revenue of Rs. 79.67 crore (up 20% from Rs. 66.34 crore), but net profit declined to Rs. 3.86 crore from Rs. 4.09 crore. EPS for the year stood at Rs. 1.02. The company confirmed no default on loans and debt securities.
Existing shareholders will receive double the number of shares at half the price per share, maintaining the same total investment value. The split aims to improve liquidity and attract retail investors by reducing ticket size. No immediate direct impact on fundamentals, but broader shareholder participation may follow.