Varvee Global announces 1:2 stock split; face value to drop from Rs 10 to Rs 5

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Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹69.50

prior close

₹69.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-2.6% vs market

Other Textile Products peers, median of 180sector-1.3%-2.7% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.7 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

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15m

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30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0-1.3-2.6-1.3-2.7

Next day

-6.5-4.0-2.5-3.4-3.1

-7.5-4.8-2.7-4.4-3.1

-3.7-3.3-0.4-3.3-0.4

-7.7-5.3-2.4-4.0-3.7

-8.5-5.2-3.3-4.8-3.6

-12.4-3.7-8.8-3.6-8.8

15d

-2.2+3.6-5.7+3.9-6.0

-3.6+0.1-3.8-1.4-2.2

-16.5-8.9-7.6-9.6-6.9

-12.2+3.2-15.4-0.2-12.0

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 180Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of Varvee Global approved sub-division of 2,57,64,339 equity shares of Rs 10 into 5,15,28,678 shares of Rs 5 each (1:2 ratio). Total share capital unchanged at Rs 25.76 crore. Aim is to make shares affordable for retail investors and boost liquidity. Subject to shareholder approval via postal ballot; record date to be announced later. Board also appointed M/s Jagetiya and Co as new Internal Auditor and revised MD and Whole Time Director remuneration.

Likely market impact

Each share will split into 2 at half the face value. No change in total market value. Awaits shareholder approval via postal ballot and record date.