Board approves 1:5 stock split of equity shares

Stock SplitCorporate Actions View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.1%1-day move

₹515.00

prior close

₹535.95

base price

After-mkt

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-1.1—-1.3-1.9-2.1-5.0-2.3-3.4+1.6-2.0-4.3———

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AI summary

Board approved a 1:5 stock split, each equity share of face value Rs. 10 to be split into 5 shares of Rs. 2, subject to shareholder approval. Pre-split shares were 62,33,324; post-split will be 3,11,66,620. Move aims to boost liquidity and retail affordability. Also approved multiple director re-designations and appointments, material related party deals up to Rs. 350 Crore, and a joint venture with The Peace Mission for functional wellness beverages. 38th AGM set for August 7, 2026.

Likely market impact

Stock split should improve liquidity and retail participation; per-share price will adjust lower, no change in company value. Awaiting shareholder approval.