The Board of Directors of the Company at its meeting held today, has inter-alia considered and recommended the following, subject to approval of shareholders through Postal Ballot: a) Sub-division ....
PAUSHAKLTD · price
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Paushak Limited's board has approved two corporate actions subject to shareholder approval via Postal Ballot. First, a stock split where each ₹10 equity share will be sub-divided into 2 equity shares of ₹5 each, increasing the number of paid-up shares from 30,82,114 to 61,64,228. Second, a bonus issue in the ratio of 3:1, meaning 3 bonus shares for every 1 share held, requiring ₹9.25 crore out of capital redemption reserve and free reserves. Combined, for every 1 existing share of ₹10 face value, shareholders will eventually hold 8 shares of ₹5 each. The company has ₹359.64 crore in free reserves as of 31st March 2025. Both actions are expected to complete on or before 10th October 2025.
These actions should boost retail participation by lowering the share price and increasing liquidity. Shareholder value remains unchanged on a percentage basis, but the expanded float typically attracts more trading volume. The healthy free reserves indicate strong fundamentals backing the bonus issue.