The Company held its Extra-Ordinary General Meeting on today for approval of sub-division of 1 equity share of Rs. 10/- each to 2 equity shares of Rs. 5/- each.
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Virat Leasing Ltd held its first Extra-Ordinary General Meeting on 25th April 2025 in Kolkata. The key item of business was the approval of a sub-division (stock split) of equity shares, where 1 equity share of Rs. 10 face value will be split into 2 equity shares of Rs. 5 face value each. 46 members attended the meeting in person or through representatives. Voting was conducted through remote e-voting and poll, with a Company Secretary in Practice appointed as scrutinizer. The meeting concluded at 1:15 p.m.
The stock split will double the number of shares held by each shareholder and halve the per-share price, making the stock more affordable and improving liquidity. The total value of holdings remains unchanged, and the split is generally viewed positively by retail investors.