ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 04/04/2026 AND INTIMATION OF RECORD DATE FOR CONSOLIDATION OF SHARES
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Sanmit Infra Ltd's Board has approved a consolidation of equity shares. Every 10 existing equity shares of Rs. 1/- each will be consolidated into 1 equity share of Rs. 10/- each. The company has fixed 30th April, 2026 as the Record Date to determine shareholder eligibility for receiving the consolidated shares. The board meeting was held on 4th April, 2026 and concluded at 4:30 PM. This consolidation increases the face value per share while reducing the total number of shares in circulation by a factor of 10.
This consolidation reduces the number of shares outstanding by 10 times while proportionally increasing the per-share face value. Total equity value remains unchanged, but shareholders will hold fewer shares at higher value. The stock may see reduced liquidity due to fewer shares available for trading.