Pashupati Cotspin Limited has informed the Exchange regarding Notice of Postal Ballot
PASHUPATI · price
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Awaiting price reaction for this filing.
Pashupati Cotspin Limited has initiated a postal ballot process to seek shareholder approval for splitting each equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 (a 1:10 sub-division). The company currently has 1,57,84,000 equity shares of Rs. 10 each, totaling Rs. 15.78 crore in paid-up capital, which post-split will become 15,78,40,000 shares of Re. 1 each with the same total capital value. The Board approved the proposal on February 26, 2026, citing enhanced liquidity and broader shareholder participation. Remote e-voting runs from February 28, 2026 to March 29, 2026, with results to be declared by March 31, 2026. The cut-off date for eligibility is February 20, 2026.
If approved, existing shareholders will hold 10 times more shares, but the per-share price should adjust proportionally so total holding value remains unchanged. Stock splits typically improve liquidity and make shares more affordable for retail investors, which can be mildly positive for price action in the short term.