To split / sub-divide the existing equity shares of the Company, such that each equity share having face value of INR 10 per share fully paid-up be split / sub-divided into such number ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Sampre Nutritions Ltd has approved splitting each equity share of face value INR 10 into two shares of face value INR 5, subject to shareholder approval. Separately, the board approved a 1:1 bonus issue, meaning one free share for every share held, to be issued from the securities premium account (which has a balance of about INR 59.87 crore as of March 2025). The authorised share capital is being raised from INR 35 crore to INR 100 crore to accommodate these changes. Combined, paid-up shares will rise from 2.15 crore to about 8.62 crore, while the face value halves. A postal ballot will be sent to shareholders, with implementation expected within 2-3 months.
For shareholders, the share count will quadruple (1 share becomes 2 via split, then 2 becomes 4 via bonus) while face value halves, so overall investment value is unchanged on a per-shareholder basis. The move is aimed at improving liquidity and making the stock more affordable for retail buyers, which can support trading volumes. No incremental cash or fundamental value is created — it is a structural adjustment to the share base.