Vertoz Limited has informed the Exchange about Shareholders meeting
VERTOZ · price
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Vertoz Limited has announced a Postal Ballot to seek shareholder approval for consolidating its equity shares. Every 10 existing shares of face value Re. 1 each will be consolidated into 1 share of face value Rs. 10 each. Currently, the company has 85.23 crore equity shares of Re. 1, which will reduce to 8.52 crore shares of Rs. 10 post-consolidation. The authorised share capital remains unchanged at Rs. 100 crore. Remote e-voting runs from 9th May 2025 to 7th June 2025, with results expected by 10th June 2025. The company says this move will improve key financial ratios and better reflect the stock's true market value. Fractional shares will be aggregated, sold on NSE, and net proceeds distributed to entitled shareholders.
This is a share consolidation (reverse stock split), so share count will drop 10x and the per-share price should theoretically rise 10x, keeping overall market cap unchanged. Existing shareholders' ownership percentage stays the same. The action may attract institutional investors who prefer higher-priced shares but could reduce trading liquidity in the short term.