Pavna Industries Limited has informed the Exchange regarding Notice of Postal Ballot
PAVNAIND · price
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Awaiting price reaction for this filing.
Pavna Industries has issued a postal ballot notice seeking shareholder approval to split each equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 (1:10 sub-division). The total paid-up share capital will remain unchanged at Rs. 13.95 crore, but the number of outstanding shares will rise from 1.39 crore to 13.95 crore. A second resolution seeks to amend the Capital Clause (Clause V) of the Memorandum of Association to reflect the new face value. The Board approved the proposal on July 2, 2025, citing the need to improve share liquidity and make the stock more affordable for retail investors. E-voting runs from July 5, 2025 to August 3, 2025, with results to be announced by August 5, 2025.
If approved, every existing shareholder will receive 10 shares for every 1 share held, with the share price adjusting proportionally downward. Total wealth and company fundamentals remain unchanged, but the lower per-share price could boost liquidity and attract more retail participation. Watch for the record date announcement after the resolution passes.