Pavna Industries Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
PAVNAIND · price
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Pavna Industries' board has approved a sub-division/split of equity shares where every 1 equity share of face value Rs. 10 will be split into 10 equity shares of face value Re. 1. The company's paid-up capital of Rs. 13.95 crore (1,39,53,000 shares at Rs. 10) will convert into 13,95,30,000 shares at Re. 1, with authorized capital unchanged at Rs. 30 crore. The rationale is to make shares more affordable for retail investors and improve liquidity. The move is subject to shareholder approval via postal ballot, with record date to be announced later and completion expected in about 3 months. The board also approved alteration of Clause V of the MOA, a new corporate office at Sasni, Hathras (UP), appointment of Mr. Shantanu Jain as scrutinizer, and M/s Suri & Sudhir, Chartered Accountants as internal auditor for FY 2025-26.
The stock split is generally viewed as a positive signal — it lowers the per-share price, improves affordability and liquidity, and may attract more retail participation. Existing shareholders will hold 10 times more shares with proportionally lower per-share price, while total investment value remains unchanged.