Alteration of Clause V of Memorandum of Association (MOA) pursuant to Stock split and Increase of Authorised Capital
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Sprayking Ltd has received shareholder approval (via postal ballot on July 26, 2025) for two corporate actions. First, a stock split in the ratio of 1:2, sub-dividing every equity share of face value Rs. 2 into two shares of Re. 1 each — effective share count doubles from 11 crore to 22 crore shares at half the face value. Second, the company has tripled its authorised share capital from Rs. 22 crore to Rs. 66 crore, allowing up to 66 crore equity shares of Re. 1 each. The alterations to Clause V of the Memorandum of Association have been formally filed with BSE. The certified copy of the amended MOA has been attached. This is the second stock split in roughly 15 months — the previous one (Rs. 10 to Rs. 2 face value) was approved in March 2024.
For existing shareholders, the stock split doubles the number of shares they hold while halving the per-share price, improving liquidity and affordability but not changing total value. The sharp rise in authorised capital (3x) signals the company is preparing room for future fund-raising or share issuances, though no specific plan is announced here.