Varvee Global board approves stock split from Rs 5 to Rs 2 face value

Stock splitCorporate Actions View source PDF Explain this filing

VGL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.1%Reaction day

₹66.30

prior close

₹67.46

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.8% vs market

Other Textile Products peers, median of 189sector+0.0%+2.1% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.1 pts more 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

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15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1+0.3+1.8+0.0+2.1

Next day

-2.3-1.3-1.0-1.0-1.2

-2.8-0.3-2.5-1.0-1.9

-3.5-0.6-2.9-1.2-2.3

-5.1-1.8-3.2-2.2-2.9

-4.1-1.8-2.2-2.2-1.8

-3.8-0.8-3.1-1.8-2.0

15d

-12.2-4.1-8.1-3.3-8.9

-15.5-9.4-6.2-7.7-7.8

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

Varvee Global board approved splitting each equity share of face value Rs 5 into 2.5 shares of Rs 2 each. Paid-up capital stays at Rs 25.76 crore but share count rises from about 5.15 crore to about 12.88 crore. Aim is to improve market liquidity and make shares affordable to small retail investors. Subject to shareholder approval via postal ballot. Record date to be announced later.

Likely market impact

Share count rises 2.5 times; price per share likely adjusts proportionally once effective. Subject to shareholder approval.