Announced Mon, 22 Jun · 11:22 IST
Postal Ballot: Stock Split (1:10) and Bonus Issue (5:8), E-voting till Jul 22
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹10.59
prior close
₹10.38
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-3.9-5.8-7.6-9.3-11.1-14.5-27.0-29.8——
Up moveDown movePending
AI summary
Tirupati Innovar has sent a Postal Ballot notice for three resolutions: (1) sub-division of equity shares from Rs. 10 face value to Rs. 1 in 1:10 ratio, (2) alteration of MOA Capital Clause, and (3) bonus issue in 5:8 ratio by capitalising Rs. 15.28 crore from Securities Premium. This would issue 1.53 crore new shares, taking paid-up capital to Rs. 39.72 crore. E-voting runs June 23 to July 22, 2026. Cut-off date: June 19, 2026.
Likely market impact
If approved, each share splits into 10 and shareholders get 5 bonus shares per 8 held. Total share count rises 62.5 percent; per-share price adjusts accordingly.