Announced Tue, 21 Jul · 18:23 IST
Board approves 1:5 stock split and MOA amendment
TCC · price
▲ 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
-4.1%1-day move
₹289.00
prior close
₹289.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.8-3.2-6.0-4.1-5.9-7.2———————
Up moveDown movePending
AI summary
Board approved splitting 1 equity share of face value Rs. 10 into 5 shares of Rs. 2 each, subject to shareholder approval. Paid-up capital of 4,75,28,061 shares (Rs. 47.53 crore) will become 23,76,40,305 shares. Rationale is to improve affordability and liquidity for retail investors. Also approved adding new object clauses covering IT, AI, logistics, and e-commerce businesses. Subject to shareholder and other regulatory approvals.
Likely market impact
Stock split may improve liquidity and attract retail investors. Market price per share will adjust to roughly one-fifth post-split.