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Board meet on 26 October 2026 to consider sub-division of shares from Rs.5/- to Re.1/-

Board meeting scheduled for Monday, 26 October 2026 to consider and approve sub-division of equity shares from face value of Rs.5/- per share to Re.1/- per share.

By ScoutQuest · Mon 19 Oct 2026, 5:52 PM IST · 2 min read

Board Meeting Date

Monday, 26 October 2026

Face Value Sub-division

from face value of Rs.5/- per share to Re.1/- per share

Approval Route

subject to shareholder approval through postal ballot

Board meeting on 26 October 2026

• The company has scheduled a board meeting for Monday, 26 October 2026 at its registered office.
• The notice lists five items, four of them specific and one being any other business with the Chairman's permission.

What is being considered

• Sub-division of the company's equity shares from a face value of Rs.5/- per share to Re.1/- per share.
• The proposal is subject to approval of shareholders by way of postal ballot.
• If a share of Rs.5/- face value is sub-divided to Re.1/- face value, each such share would become five shares of Re.1/- each. The company's total share capital and each holder's percentage stake would stay the same; only the number of shares and the face value per share change.

Capital Clause of the Memorandum of Association

• The board will also consider approving alteration of the Capital Clause of the Memorandum of Association.
• This too is subject to shareholder approval by way of postal ballot, since the share capital structure described in the charter has to match the new face value.

Postal ballot groundwork

• The board will consider and approve the draft of the notice to be sent to shareholders, along with the calendar of events for the proposed postal ballot.
• It will also consider fixing the record date for determining which members are eligible to cast their votes on that postal ballot.
• This record date relates to voting eligibility on the postal ballot, not to the sub-division itself.

What a sub-division means for a shareholder

• The number of shares held goes up in the same proportion as the face value comes down, so the total value of the holding is not altered by the sub-division itself.
• Earnings per share and the market price per share are usually read on the new, smaller face value after such a change.
• The company's business, assets and profits are not changed by a sub-division of shares.

What to watch next

• The board's decision on 26 October 2026 and the exact terms approved.
• The postal ballot notice, which would carry the detailed rationale, the voting period and the timeline.
• The record date for the postal ballot, and the date from which shares would be dealt with on the new face value if the proposal is cleared.

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