Shareholders Approve 1:10 Stock Split, Face Value Cut From Rs. 10 to Re. 1
Shareholders at the 35th AGM approved a stock split.
- Stock Split Ratio
- 1 equity share of face value Rs. 10/- each becomes 10 shares of Re. 1/- each
- Paid-up Shares Before
- 153402632
- Paid-up Shares After
- 1534026320
- Paid-up Capital
- Rs. 153,40,26,320/-
- Expected Completion Timeline
- Within 2 (two) months from shareholders' approval
What was approved
At the 35th Annual General Meeting held on Wednesday, 30th September, 2026, members approved a split/sub-division of 1 (One) equity share of face value Rs. 10/- each into 10 (Ten) equity shares of face value Re. 1/- each. Members also approved altering the capital clause (Clause V) of the Memorandum of Association to reflect this.
Capital before and after
- Authorised: 165000000 shares of Rs. 10 becomes 1650000000 shares of Re. 1; total stays Rs. 1,65,00,00,000/-.
- Paid-up: 153402632 shares of Rs. 10 becomes 1534026320 shares of Re. 1; total stays Rs. 153,40,26,320/-.
- Subscribed: same as paid-up, 153402632 becomes 1534026320 shares.
Why the company says it is doing this
The stated rationale is to enhance the liquidity of equity shares and widen the shareholder base by making the equity shares more economical to investors.
Timeline
Expected completion is tentatively within 2 (two) months from the date of shareholders' approval, subject to any regulatory or statutory approvals as applicable. A record date is usually announced separately for a corporate action of this kind.
What it means for a shareholder
A split changes the number of shares and the face value, not the total amount of capital or an investor's proportional ownership. Someone holding 1 share of Rs. 10 face value would hold 10 shares of Re. 1 face value after the split takes effect. Only one class of equity shares exists in the company.
Also from Gujarat Natural Resources
Record date for sub-division of equity shares fixed as 5th November, 2026
6 Oct 2026
More numbers
- Pre-split face valueRs. 10/-
- Post-split face valueRe. 1/-
- Shares per existing share after split10 (Ten) Equity Shares
- Authorised share capitalRs. 1,65,00,00,000/-
- Authorised shares post-split1650000000
- Authorised shares pre-split165000000
- Paid-up shares pre-split153402632
- Paid-up shares post-split1534026320
- Paid-up share capital153,40,26,320/-
- Expected completion period2 (two) months
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