The 1st Extra-ordinary General Meeting of the Company will be hald on 25th April, 2025 at 12:00 noon at the corporate office of the compant at Jajodia tower, 3, Bentinck Street, 4th Floor, ....
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Virat Leasing Limited has called its 1st EGM for Friday, 25th April 2025 at 12:00 noon at its Kolkata corporate office. The single special business item is a sub-division (stock split) of equity shares, where 1 share of face value Rs. 10 will be split into 2 shares of face value Rs. 5 each. The total share capital remains unchanged at Rs. 12,98,05,000, but the number of shares will increase from 1,29,80,500 to 2,59,61,000. The Board approved this on 25th March 2025 and is seeking shareholder approval. Remote e-voting opens on 22nd April 9:00 AM and closes on 24th April 5:00 PM, with the cut-off date set as 18th April 2025.
If approved, each existing share will become two shares with half the face value. This increases share liquidity and may make the stock more affordable for retail investors, but does not change the company's total market value or fundamentals. Shareholders automatically receive the additional shares in their demat accounts on the record date.