Announced Fri, 19 Jun · 18:00 IST
Board approves 1:10 stock split and 5:8 bonus issue, two resignations
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
-3.9%1-day move
₹10.59
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-5.8-7.6-9.3-11.1-14.5-27.0-29.8——
Up moveDown movePending
AI summary
On 19 June 2026, the board approved a 1:10 stock split (one Rs.10 share into ten Rs.1 shares) and a 5:8 bonus issue post-split, subject to shareholder approval via postal ballot. Paid-up shares will move from 2.44 crore to 24.44 crore after split, then to about 39.72 crore after bonus, using about Rs.15.28 crore of securities premium. Company Secretary Yashaswi Jharbade and Independent Director Kiran Makhecha resigned, citing personal reasons and pre-occupation.
Likely market impact
Stock split aims to improve liquidity for retail investors. Bonus rewards existing holders. Both moves need shareholder approval via postal ballot.