Enclosed herewith Record date for Consolidation of Equity Shares
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Sanmit Infra Ltd's Board of Directors has approved a consolidation of equity shares. Every 10 existing equity shares of Rs. 1/- face value each will be consolidated into 1 equity share of Rs. 10/- face value each. The company has fixed Thursday, 30th April, 2026 as the Record Date to determine shareholder eligibility for receiving the consolidated shares. This is a reverse stock split that reduces the number of shares outstanding while increasing the per-share face value.
Existing shareholders will hold fewer shares but at a higher face value. This consolidation typically aims to improve per-share pricing and reduce share volatility, which may affect liquidity and shareholder perception.