The Company held its EGM for sub-division of 1 equity share of Rs. 10/- each to 2 equity shares of Rs. 5/- each. The shareholders approved the same and the copy of voting results with ....
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Virat Leasing Limited held an Extra-Ordinary General Meeting on 25th April, 2025, where shareholders approved the sub-division of 1 equity share of Rs. 10/- each into 2 equity shares of Rs. 5/- each. The resolution was passed unanimously with 100% votes in favor — 14,38,873 votes were cast in favor out of 14,38,878 total votes polled. The total equity shares outstanding stand at 1,29,80,500. Notably, the promoter and promoter group held 0 shares in the company. The cut-off date for voting entitlement was 21st March, 2025, and 645 shareholders were on record as of 18th April, 2025.
Each existing shareholder will receive 2 shares of Rs. 5/- for every 1 share of Rs. 10/- held, effectively doubling the share count while halving the price per share. This improves liquidity and makes the stock more affordable for retail investors, though the overall value of holdings remains unchanged.