Outcome of meeting of Board of Directors held on Thursday, June 05, 2025.
Awaiting price reaction for this filing.
The Board of Directors of Shri Krishna Prasadam Limited, at its meeting on June 05, 2025, approved a two-step restructuring of share capital that effectively results in a 100-for-1 share consolidation. In step one, the face value of equity shares will be reduced from Rs. 10 to Rs. 0.10 per share while keeping the share count unchanged at 1,01,00,000 shares. In step two, the face value will be consolidated back to Rs. 10 per share, reducing the number of shares to 1,01,000. The total paid-up capital remains unchanged at Rs. 10,10,000. The record date for the consolidation has been fixed as June 17, 2025.
Existing shareholders will hold 1/100th of their current number of shares after June 17, 2025, but the total value of their investment remains unchanged as the per-share price will adjust upward proportionally. This move is typically aimed at increasing the stock's trading price per share and improving marketability on the exchange.