Notice of Postal Ballot
PAUSHAKLTD · price
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Awaiting price reaction for this filing.
Paushak Limited has issued a postal ballot notice seeking shareholder approval (via e-voting) for three corporate actions. First, sub-division of every equity share from ₹10 face value into two shares of ₹5 face value each. Second, reclassification of the authorised share capital from ₹20 crore (90 lakh equity shares of ₹10 plus 11 lakh preference shares) to ₹20 crore divided into 4 crore equity shares of ₹5 each, with corresponding amendment to the MOA. Third, issue of bonus shares in a 3:1 ratio — three bonus equity shares of ₹5 each for every one existing share held. The company currently has 30,82,114 equity shares outstanding, with public holding of about 10,12,980 shares spread across 20,000+ retail shareholders. E-voting runs from 20 August to 18 September 2025, with results announced by 20 September 2025 and implementation targeted by 10 October 2025.
If approved, every existing share will effectively become 8 shares (2x from split and 4x from bonus), which should lower the per-share trading price and improve liquidity and retail accessibility — although it is value-neutral for shareholders in the long run. Short-term, the stock price may adjust downward mechanically to reflect the larger share count.