Board meeting on 07th October, 2026 to consider record date for share split

Company: Galaxy Agrico Exports Ltd.

Fri 2 Oct 2026

Board Meeting Date

Wednesday, 07th October, 2026

Agenda

to consider and approve the Record Date for a sub-division / split of equity shares

Existing Face Value

₹10/- each

Proposed Face Value After Split

₹1/- each

Record Date Status

yet to be considered and approved

Galaxy Agrico Exports Ltd has informed BSE that a meeting of its Board of Directors is scheduled for Wednesday, 07th October, 2026.

What the board will take up

The single agenda item stated is to consider and approve the fixation of the Record Date for the purpose of a sub-division / split of the company's existing equity shares.

That means the board meeting is being held to decide a date, not to announce a date now. The record date is the cut-off date used to determine which shareholders are covered by the corporate action.

The face value change

• Existing equity shares: face value of ₹10/- (Rupees Ten only) each
• Proposed new equity shares: face value of ₹1/- (Rupee One only) each

A sub-division, or split, replaces shares of a higher face value with a larger number of shares of a lower face value. The number of shares a shareholder holds goes up in proportion, and the face value of each share comes down. The total face value of the holding stays the same. This is different from a bonus issue, where new shares are given without the face value of existing shares being changed.

What happens next

• The board meets on 07th October, 2026 to consider and approve the record date.
• The record date, once approved, will be the date on which shareholders on the register are covered by the split.
• The actual split, including when the new shares are credited or listed, follows the record date.

What a split does and does not do

A split changes the number of shares and the face value per share. It does not, by itself, change the company's business, its earnings, or the total share capital as stated in the books. For a retail shareholder, the holding is represented by more shares of a smaller face value after the split. The market price of a share is generally adjusted for the split, so the value of the total holding before and after the split is broadly the same, other than normal market movement.

What to watch

• The record date, once the board approves it
• The ratio in which existing shares will be split, as confirmed by the company
• Any further intimation on the timeline for the new shares

As of this update, only the board meeting date and the two face values are stated. The record date has not yet been fixed.

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