Pashupati Cotspin Limited has informed the Exchange that the Board of Directors at its meeting held on February 26, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 1 equity shares of Re. 1 each.
PASHUPATI · price
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Pashupati Cotspin Limited's Board, at its meeting on February 26, 2026, approved a sub-division of equity shares where each existing share of Rs. 10 face value will be split into 10 shares of Re. 1 each. The move is aimed at making shares more affordable, improving liquidity, and broadening retail investor participation. The paid-up capital will remain unchanged at Rs. 15.78 crore, but the number of outstanding shares will rise from about 1.58 crore to roughly 15.78 crore. The change is subject to shareholder approval via postal ballot and other regulatory clearances, with completion expected in about 2 to 2.5 months. The record date will be announced later.
The stock split lowers the per-share price, making the stock more accessible to small retail investors and potentially boosting trading volumes. It does not change the company's fundamentals or total shareholder value, but short-term price adjustments are expected around the effective date.