Sub Division/Split of Equity Shares of the Company.
SPLIT
◆ Monitor Closely
LOW RISK
📅 Filed on BSE: 27 Mar 2026, 04:02 PM IST · BSE ID: b4aa69b3-7da4-4a3d-990f-f6970242ea7c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is splitting each share into two, cutting the face value in half from Rs. 10 to Rs. 5 per share.
🤖 AI Summary
- Board approved 1:2 stock split — one Rs. 10 share splits into two Rs. 5 shares
- Authorized share capital increased from Rs. 15,00,00,000 to Rs. 25,00,00,000 divided into 2,50,00,000 shares
- All resolutions require shareholder approval via postal ballot
- Record date for stock split to be intimated separately to stock exchange
🔢 Key Numbers — exact figures from BSE filing, not rounded
Current authorized share capital
Rs. 15,00,00,000
New authorized share capital
Rs. 25,00,00,000
Stock split ratio
1:2 (one Rs. 10 share into two Rs. 5 shares)
New authorized share count
2,50,00,000 equity shares
🏢 How This Affects the Company
Authorized capital increased to Rs. 25,00,00,000 to accommodate future share issuances. Total share count post-split becomes 2,50,00,000 shares outstanding after shareholder approval.
👥 What This Means For Shareholders
✅
Action Required
Vote on postal ballot for stock split, authorized capital increase, and MOA alterations. No action required if shareholder has no voting preference.
👤
Who Is Affected
All equity shareholders. Post-split, each share held will double in quantity but halved in face value. No economic dilution — purely mechanical restructuring of existing shareholding.
🔍
Management Signal
Management is preparing balance sheet and share structure flexibility, signaling intent to expand capital base and improve share liquidity for retail participation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Postal ballot outcome announcement — expected within 30 days of filing for shareholder approval confirmation.
Record date notification — will trigger exact share split execution date and settlement timeline.
MOA amendment filing — track completion of authorized capital and object clause alterations post-approval.
LOW RISK
Stock split is mechanical capital restructuring with no operational or financial risk. Pending shareholder approval is routine procedural requirement.
💡 Investor Takeaway
Board approved 1:2 stock split converting Rs. 10 face value shares to Rs. 5, plus authorized capital increase to Rs. 25,00,00,000. All actions conditional on shareholder postal ballot approval and record date notification pending.
⚖️ Strengths & Concerns
✅ Positives
- Stock split increases share liquidity and accessibility to retail investors by reducing per-share price.
- Doubling authorized capital capacity to Rs. 25,00,00,000 provides flexibility for future fundraising or expansions.
⚠️ Concerns
- Stock split requires shareholder postal ballot approval — outcome and timing uncertain pending voting results.
- Record date not yet finalized — creates uncertainty on exact split execution timeline for shareholders.