Pavna Industries Limited has informed the Exchange that the Board of Directors at its meeting held on July 02, 2025, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 10 equity shares of Re. 1 each.
PAVNAIND · price
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Pavna Industries' Board, at its meeting on July 2, 2025, approved splitting 1 equity share of face value Rs. 10 into 10 equity shares of face value Re. 1 each. The company's current paid-up capital stands at Rs. 13.95 crore, comprising 1,39,53,000 shares of Rs. 10 each, which will become 13,95,30,000 shares of Re. 1 each after the split. The change is subject to shareholder approval via a postal ballot, and the record date will be announced later. The company expects the split to be completed within about 3 months of receiving shareholder approval. The Board also approved a new corporate office at Sasni, Hathras, and appointed M/s Suri & Sudhir as the internal auditor for FY 2025-26.
The split does not change the company's overall market value but is expected to lower the per-share price, making the stock more affordable and accessible to retail investors while improving liquidity. Existing shareholders will automatically hold 10 shares for every 1 share they currently own, with no change in their total investment value.