BM is to be held on 04/02/2026 to consider and approve: To recommend the proposal for Consolidation of Equity Shares of face value of Rs.1 , subject to approval of shareholders in ensuing ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanmit Infra Ltd has called a board meeting on February 4, 2026 at 3:00 p.m. at its registered office. The board will consider the terms of a Letter of Intent for a term loan from SIDBI under the STEP Scheme. Additionally, the board will evaluate a proposal for consolidation of equity shares with a face value of Rs. 1, which would require shareholder approval at an extraordinary general meeting. Consolidation typically means merging a set number of existing shares into one share with a higher face value, effectively a reverse stock split. The company has not yet disclosed the consolidation ratio or the new face value.
Share consolidation reduces the total number of shares and raises the per-share price, but does not change the company's overall market value. It is often undertaken when a stock trades at very low levels to improve perception and trading liquidity. The SIDBI term loan under the STEP Scheme signals access to growth funding for the company's operations.