Sanmit Infra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/04/2026 ,inter alia, to consider and approve 1) To fix Record Date for purpose ....
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Sanmit Infra Ltd has informed BSE that its Board of Directors will meet on Saturday, 4th April 2026 at 4:00 PM at its registered office in Mumbai. The main agenda item is to fix the record date for the proposed consolidation of shares. Consolidation of shares means combining multiple existing shares into one, effectively increasing the face value per share — the opposite of a stock split. The ratio for the consolidation has not yet been disclosed and will likely be announced at or after the board meeting.
Shareholders holding shares on the record date will have their share count reduced proportionally, while the market price per share should adjust upward in a similar proportion, keeping the overall value of their holding largely unchanged. The actual impact on the stock will depend on the consolidation ratio and the company's rationale once announced.