R&B Denims Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
RNBDENIMS · price
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R&B Denims Limited has announced a sub-division (stock split) of its equity shares, approved by shareholders at an EGM held on 13 March 2026. The face value of each equity share will be reduced from Rs. 2 to Re. 1, effectively a 2:1 split (one share of Rs. 2 becoming two shares of Re. 1). Alongside the split, the company has also increased its authorised share capital from Rs. 25.5 crores to Rs. 30 crores. The amendment has been made to Clause 5 (Capital Clause) of the Memorandum of Association. This is a corporate action to make shares more affordable and improve liquidity in the market.
The stock split doubles the number of shares held by each shareholder while halving the per-share price, improving affordability and liquidity. Shareholders' total investment value remains unchanged immediately after the split, but the lower price point may attract more retail investors.