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Regis Industries Ltd has informed stock exchanges about an amendment to its Memorandum of Association following shareholder approval through postal ballot. Members approved special resolutions for issuing bonus shares and increasing the company's authorised share capital. The authorised capital has been raised from Rs. 20 crore to Rs. 26 crore, and the face value of equity shares has changed from Rs. 10 per share to Rs. 1 per share, taking the total authorised equity shares from 2 crore to 26 crore. This corporate action combines a stock split (10:1 face value reduction) with a bonus issue to reward existing shareholders.
Shareholders will see a substantial increase in the number of shares they hold following the stock split and bonus issue, though the overall value of their holding stays the same. This typically improves share liquidity and makes the stock more affordable for retail investors, which may attract wider participation.