Notice of Shareholders meeting held through postal ballot
Awaiting price reaction for this filing.
Murae Organisor Ltd has issued a postal ballot notice seeking shareholder approval to split each equity share of face value Rs. 2 into two equity shares of face value Re. 1 each (1:2 sub-division). The company also proposes a corresponding amendment to the Capital Clause of its Memorandum of Association. Remote e-voting will run from April 30, 2025 (9:00 AM) to May 29, 2025 (5:00 PM), with a cut-off date of April 25, 2025. The company's authorized share capital is Rs. 190 crore (1,90,00,00,000 shares at Re. 1 each), and issued and paid-up capital is Rs. 1,85,89,64,310. The board states the split aims to improve liquidity, broaden the shareholder base, and make shares more affordable for retail investors, with no change to voting rights or aggregate capital value.
If approved, each shareholder will receive two Re. 1 shares for every Rs. 2 share held, effectively halving the per-share price on the ex-split date. Stock splits are generally viewed as a positive sentiment signal aimed at boosting liquidity and retail participation, though they do not alter the company's underlying fundamentals or total market value.