Board to consider 10-for-1 split, 4:5 bonus and possible dividend
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.8 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On 13 November 2026, the board will consider splitting each Rs 10 share into up to 10 shares of Rs 1 each, a bonus issue of up to 4 shares for every 5 held, and a dividend of up to 100% of face value, currently Rs 10 per share. All proposals are conditional; no final terms, dividend amount or record date has been approved.
A split and bonus may improve affordability and liquidity but do not create value by themselves. The dividend is uncertain, with low cash making funding uncertain.