Board approves 5-for-1 stock split, director changes, related party deals and new JV

Board & Shareholder Meetings View source PDF

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

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-2.1%1-day move

₹515.00

prior close

₹535.95

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AI summary

The board approved a 5-for-1 stock split (Rs.10 to Rs.2 face value), pending shareholder nod. Paid-up shares will rise from 62,33,324 to 3,11,66,620. Other approvals: Sandeep Merchant becomes MD and Vice Chairman, regularization of 3 directors, related party deals up to Rs. 350 Cr with Chapra Capital Ventures plus Rs. 20 Cr each with several entities, and a new JV with The Peace Mission for wellness beverages. 38th AGM on Aug 7, 2026.

Likely market impact

Stock split should improve liquidity and retail participation. Wellness beverage JV and related party deals need shareholder nod at the Aug 7 AGM.