Board approves 1:10 stock split and corporate guarantee of INR 10 Crores for related party

Board approved a stock split: each ₹10 face value share to be sub-divided into 10 shares of ₹1 each, subject to shareholder approval.

Mon 28 Sep 2026

Stock Split Ratio

1:10 (each ₹10 face value share sub-divided into 10 shares of ₹1 each)

Current Share Count

9,77,72,941 shares

Post-Split Share Count

97,77,29,410 shares

EGM Date

October 22, 2026

Corporate Guarantee Amount

INR 10 Crores for related party B.N. Agritech Limited

Stock split

The Board approved and recommended to shareholders the sub-division of each fully paid-up equity share of face value ₹10 into 10 equity shares of face value ₹1 each, along with the consequential change to the Capital Clause of the Memorandum of Association.

• Split ratio: 1:10
• Stated rationale: enhance liquidity on the exchanges, encourage broader retail participation, make shares more affordable
• Expected completion: tentatively within three (3) months from members' approval, subject to regulatory, stock-exchange and depository approvals
• Record date will be decided after shareholder approval and intimated later

Capital before and after

• Issued, subscribed and paid-up shares: 9,77,72,941 shares of ₹10 each, becoming 97,77,29,410 shares of ₹1 each
• Total paid-up capital unchanged at 97,77,29,410/-
• Authorised shares: 12,50,00,000 of ₹10 each, becoming 1,25,00,00,000 of ₹1 each; total authorised capital unchanged at 1,25,00,00,000/-

A split does not change the value of a holding or the company's capital; it only increases the number of shares each investor holds proportionately. Fractional entitlements do not arise in a 1:10 ratio.

EGM and voting

The first Extra-Ordinary General Meeting for FY 2026-27 is scheduled for Thursday, October 22, 2026 at 12:30 P.M. (IST) through video conferencing / other audio-visual means. The cut-off date to determine e-voting entitlement is October 16, 2026. Bigshare Services Private Limited was appointed remote e-voting agency and M/s Mehta & Mehta (through Nayan Handa, PCS) as scrutinizer.

Corporate Guarantee for related party

The Board approved extending a Corporate Guarantee on behalf of M/s B.N. Agritech Limited, a related party, in favour of Godrej Finance Limited, to secure credit/loan facilities of INR 10 Crores availed or to be availed. B.N. Agritech has been sanctioned a Purchase Invoicing Finance Facility of this amount, and the lender required the Company to act as Corporate Guarantor.

• Promoter interest: yes, to the extent of their shareholding in B.N. Agritech Limited; Mr. Anubhav Agarwal is a common promoter in both entities
• Company's stated view: no financial or operational impact is foreseen till invocation of the guarantee by the lender

What it means

The split is subject to shareholder approval, so the record date and the actual change in shareholdings will follow later. The corporate guarantee creates a contingent obligation for the company in relation to a related party's borrowing, which would only crystallise if the lender invokes it.

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