Varvee Global announces 1:2 stock split; record date to be announced

Stock SplitCorporate Actions View source PDF Explain this filing

VGL · price

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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

+0.0

15m

-0.0

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 approved a 1:2 stock split: each Rs 10 face value share will become 2 shares of Rs 5 each. Paid-up capital stays at Rs 25.76 crore while share count doubles to about 5.15 crore. Aim is affordability for retail investors and better liquidity. Subject to shareholder approval via postal ballot, expected in about 2 months. Also approved new internal auditor M/s Jagetiya and Co, and revised pay for Managing Director and Whole Time Director.

Likely market impact

Existing shares to split 1:2, lowering per-share price and making it more accessible. Pending shareholder approval and record date. Total value unchanged.