Stock Split and Bonus Issue Approved by Silver Touch Board
SILVERTUC · price
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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.
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Silver Touch board approved a 1:5 stock split (1 share of Rs.10 into 5 of Rs.2) and a 1:1 bonus issue, one free share per share held. It also approved raising authorised capital from Rs.16 crore to Rs.30 crore. Paid-up shares will grow from about 1.26 crore to 12.68 crore after split and bonus. All proposals need shareholder approval via postal ballot. Expected completion by 15 March 2026.
Lower per-share price after 5x split and 1:1 bonus improves liquidity and retail participation. Subject to shareholder approval.