Pavna Industries Limited has informed the Exchange regarding Appointment of M/s. Suri & Sudhir, Chartered Accountants as Internal Auditor of the company w.e.f. July 02, 2025 for the F.Y 2025-26
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Pavna Industries' board, at its meeting on July 2, 2025, approved a sub-division/split of equity shares from a face value of Rs. 10 to Rs. 1, changing the ratio from 1 share to 10 shares. The authorized capital stays at Rs. 30 crore (3 crore shares pre-split → 30 crore shares post-split) and paid-up capital remains at Rs. 13.95 crore (13.95 lakh shares → 1.39 crore shares). The split aims to make shares more affordable for retail investors and improve liquidity. A postal ballot will be held to seek shareholder approval, expected to complete in about 3 months. The board also approved a new corporate office in Sasni, Hathras (UP), and appointed M/s Suri & Sudhir, Chartered Accountants (a firm established in 1968), as internal auditor for FY 2025-26.
If approved, each existing share will become 10 shares of Rs. 1 each — the total investment value remains the same, but the per-share price will drop roughly 10-fold, making the stock more accessible to small investors. No change in the company's fundamentals; this is a corporate action only.