Stock split 1:5 and 1:1 bonus issue approved by board

Stock SplitCorporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹154.10

prior close

₹159.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+4.6% vs market

Computers - Software & Consulting peers, median of 66sector+0.4%+3.8% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 3.8 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

+0.1

15m

+0.6

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2-0.4+4.6+0.4+3.8

Next day

+2.9-1.7+4.6-1.4+4.3

-1.2-4.3+3.1-3.4+2.2

-6.2-5.1-1.0-4.0-2.1

-9.9-3.6-6.2-2.4-7.5

-5.8-5.7-0.1-3.0-2.7

-11.9-3.7-8.3-3.7-8.2

15d

-10.4+2.1-12.6-4.8-5.6

-17.3-0.1-17.2-10.3-6.9

-30.1-10.0-20.1-22.9-7.2

-18.6+2.2-20.7-10.6-8.0

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board on Jan 16, 2026 approved two corporate actions: (1) stock split of 1 equity share of Rs 10 into 5 shares of Rs 2, and (2) bonus issue in 1:1 ratio on the post-split shares. About 6.34 crore bonus shares will be issued, funded from free reserves of Rs 118.12 crore as of March 31, 2025. Authorized capital to rise from Rs 16 crore to Rs 30 crore. Both actions need shareholder approval via postal ballot. Record date not yet set; completion targeted by March 15, 2026.

Likely market impact

Share count rises about 10x after split and bonus, lowering per-share price and boosting liquidity. No real change in company value. Subject to shareholder approval.