The board has through circular resolution have fixed a record date for purpose of ascertaining the eligibility of shareholders entitled for sub-division and issue of bonus shares.
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Awaiting price reaction for this filing.
The board has fixed Friday, October 3, 2025 as the record date for two corporate actions. First, a stock split (sub-division) where every 1 equity share of face value Rs. 10 will be split into 5 equity shares of face value Rs. 2 each. Second, a bonus issue at a 1:1 ratio, meaning 1 free share for every 1 share held (post split). Both actions are subject to shareholder approval at the AGM scheduled for September 30, 2025. In effect, each original share will become 10 shares of Re. 1 face value after both actions. The company has not announced any price ratio for the bonus – it is fully free shares against existing holdings.
Share count will multiply roughly 10-fold while face value adjusts down proportionally, so the share price is expected to adjust lower to reflect the split and bonus – overall shareholder value stays the same. However, lower per-share price usually improves liquidity and retail participation. Investors must hold shares by the October 3 record date to be eligible for both benefits.