Notice of Postal Ballot of Titan Biotech Limited
Price
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Awaiting price reaction for this filing.
Titan Biotech Limited has sent a Postal Ballot notice to shareholders seeking approval for two ordinary resolutions: (1) sub-division (stock split) of equity shares from face value of Rs. 10 to Rs. 2, in a 1:5 ratio, and (2) corresponding amendment to the Capital Clause of the Memorandum of Association. Under the split, each existing share of Rs. 10 will become 5 shares of Rs. 2, taking total shares from 82.63 lakh to 4.13 crore (paid-up), while the authorised share count rises from 1 crore to 5 crore shares of Rs. 2. The total share capital value remains unchanged at Rs. 10 crore authorised and Rs. 8.26 crore paid-up. The Board cited improved liquidity and broader retail participation as reasons. E-voting runs from 1 December 2025 to 30 December 2025, with results to be announced by 1 January 2026. No physical ballot forms will be issued; voting is only through electronic mode.
If approved, the stock split will lower the per-share price, making the stock more affordable for retail investors and potentially improving liquidity and trading volumes. Existing shareholders' total holdings and percentage ownership remain unchanged — it is a purely arithmetic exercise with no dilution. The stock price will mechanically adjust downward on the record date (proportionally, ~5x).