The Company, held its EGM for approval of sub-division of 1 equity share of Rs. 10/- each into 2 equity shares of Rs. 5/- each. The proceedings of the EGM is annexed.
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Virat Leasing held its 1st Extra-Ordinary General Meeting on 25th April 2025 in Kolkata, attended by 46 members. The key resolution approved was the sub-division of 1 equity share of face value Rs. 10/- each into 2 equity shares of face value Rs. 5/- each. The resolution was passed as an Ordinary Resolution through e-voting and poll. Mr. Jitendra Kumar Goyal chaired the meeting in the absence of a regular chairman. The document is the official proceedings disclosure filed with BSE under SEBI Listing Regulations.
Existing shareholders will receive 2 shares of Rs. 5 each for every 1 share of Rs. 10 held, doubling the share count but leaving total holdings unchanged in value. The lower face value typically improves liquidity and makes the stock more affordable for retail investors, which may attract wider participation.