R&B Denims Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 13, 2026
RNBDENIMS · price
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R&B Denims Limited held an Extraordinary General Meeting (EGM) on March 13, 2026, at its registered office in Surat, Gujarat, from 11:30 AM to 11:40 AM. A total of 36 shareholders were present, and the meeting was chaired by Amit Dalmia, Chairman and Managing Director. Three special business items were transacted: sub-division of equity shares from a face value of Rs. 2 to Re. 1 per share (stock split), increase in the authorised share capital along with amendment to the capital clause of the Memorandum of Association, and issue of bonus shares. The EGM notice was taken as read with the permission of members, and e-voting was open from March 10 to March 12, 2026. The voting results are awaited and will be declared by the Chairman once the Scrutinizer's report is received.
If approved, the stock split will lower the per-share price and potentially improve liquidity, while the bonus issue rewards existing shareholders with free additional shares. The authorised capital increase gives the company more headroom for future fundraising or expansion — shareholders should watch for the declared voting results, which will confirm whether these shareholder-friendly actions have been passed.