Outcome of Meeting of the Board of Director of the Company held on today i.e Wednesday, 16th July, 2025. have considered and approved, inter-alia, the following matters: 1. Sub-division/Split ....
Awaiting price reaction for this filing.
The Board of Directors of Bluegod Entertainment Ltd (formerly Indra Industries Limited), at a meeting held on July 16, 2025, approved a sub-division/split of equity shares. Under the proposal, every 1 equity share with a face value of Rs. 10 will be split into 10 equity shares with a face value of Rs. 1 each. The company currently has 5,50,55,095 fully paid-up equity shares (paid-up capital of Rs. 55.05 crore), which will become 55,05,50,950 shares post-split, with the same total paid-up capital. The rationale stated is to enhance liquidity in the market and make shares more accessible to retail investors. The split is subject to shareholder approval via postal ballot, and the record date will be communicated later. The process is expected to complete within approximately 2 months from shareholder approval.
A 10:1 stock split reduces the face value per share from Rs. 10 to Rs. 1, which typically lowers the per-share market price proportionally and can improve liquidity and retail participation. Shareholders' total holdings and the company's overall market value remain unchanged.