AIAris International531677Stock split declared

Board approves Rs. 10/- share split into two of Rs. 5/-; Sections 185 & 186 limits up to Rs. 50 crore

Board meeting held on 22nd October, 2026 approved a share split and two big lending/investment limits.

By ScoutQuest · Thu 22 Oct 2026, 6:20 PM IST · 2 min read

Share Split Ratio

Each equity share of face value Rs. 10/- to be split into 2 shares of Rs. 5/- each

Section 186 Limit Approved

up to Rs. 50 crore, subject to Members' approval

Section 185 Limit Approved

up to Rs. 50 crore, subject to Members' approval

Board meeting outcome, 22nd October, 2026

The Board of Directors met on Thursday, 22nd October, 2026, from 05:00 P.M. to 05:30 P.M. and approved the following matters, all of which are subject to the approval of the Members.

Share split: one share of Rs. 10/- becomes two of Rs. 5/-

• Each existing equity share of the Company having a face value of Rs. 10/- will be sub-divided into 2 equity shares having a face value of Rs. 5/- each, fully paid-up and ranking pari passu in all respects.
• The split also requires a consequential alteration of the Capital Clause of the Memorandum of Association.
• The stated rationale is to make the shares more affordable, enhance liquidity in the capital market, widen the shareholder base and encourage participation by retail and individual investors.
• Expected completion is within the prescribed timelines, subject to approval of the Members through Postal Ballot and other applicable statutory or regulatory approvals. Only equity shares are involved.

Capital structure before and after

• Authorised share capital: 2,50,00,000 equity shares of Rs. 10/- each, totalling Rs. 25,00,00,000/, becomes 5,00,00,000 equity shares of Rs. 5/- each, totalling Rs. 25,00,00,000/.
• Issued, subscribed and paid-up capital: 15,00,000 equity shares of Rs. 10/- each, totalling Rs. 1,50,00,000/, becomes 30,00,000 equity shares of Rs. 5/- each, totalling Rs. 1,50,00,000/.
• In both cases the rupee value stays the same; the number of shares doubles and the face value halves.

Lending, investment and guarantee limits

• Section 186 of the Companies Act, 2013: the Board approved the proposal for making loans, investments, giving guarantees and providing securities up to an aggregate amount not exceeding Rs. 50 crore (Rupees Fifty Crores Only), subject to the approval of the Members.
• Section 185 of the Companies Act, 2013: the Board approved the proposal for granting loans, including loans represented by book debts, giving guarantees or providing securities in connection with loans to any person in whom any Director of the Company is interested, up to an aggregate amount not exceeding Rs. 50 crore (Rupees Fifty Crores Only), subject to the approval of the Members.

Next step

• The Board considered and approved the Postal Ballot Notice for seeking the approval of the Members for these matters and other matters set out in it, and authorised the necessary actions in connection with it.

What this means for a shareholder

• The split changes the face value and the number of shares held: after it takes effect, a holder of one Rs. 10/- share would hold two Rs. 5/- shares.
• Both the share split and the two Rs. 50 crore limits move forward only once the Members approve them through the postal ballot.

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