Paras Defence And Space Technologies Limited has informed the Exchange regarding Notice of Postal Ballot for seeking shareholders' approval for:- Sub-division/split of existing 1 equity share of face value of Rs. 10/- each, fully paid-up into 2 equity shares of face value of Rs. 5/- each, fully paid-up and- Alteration of Capital clause of the Memorandum of Association of the Company
PARAS · price
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Paras Defence and Space Technologies has sent out a Postal Ballot Notice to shareholders seeking their approval for a stock split. Under the proposal, each existing equity share with a face value of Rs. 10 will be sub-divided into 2 equity shares with a face value of Rs. 5 each. The total share capital value will remain unchanged at Rs. 60.50 crore, but will now be divided into 12.10 crore shares of Rs. 5 each instead of 6.05 crore shares of Rs. 10 each. The company says the split is aimed at improving liquidity in the stock and making shares more affordable and attractive for retail investors. Adjustments will also be made to the company's ESOP 2024 stock options. Shareholders will vote via remote e-voting between May 9, 2025 and June 7, 2025, with the cut-off date being May 2, 2025.
If approved, each shareholder will simply end up holding twice as many shares as before, with each share being worth roughly half of the prior price. The total value of holdings stays the same, but the lower per-share price could attract more retail buyers and improve trading volumes. No impact on the company's fundamentals or overall market capitalisation.