Record date 16 October 2026 fixed for consolidation of ₹5 shares into ₹10 shares

Record Date for share consolidation: Friday, 16 October 2026.

Tue 6 Oct 2026

Record Date

Friday, 16 October 2026

Consolidation Ratio

Every 2 equity shares of ₹5/- each will become 1 equity share of ₹10/- each

Share Count Change

shares fall from 87,55,400 to 43,77,700

What has been approved

• Consolidation of the equity shares of the company, such that every 2 (two) equity shares of face value of ₹5/- each, fully paid up, are consolidated into 1 (one) equity share of face value of ₹10/- each, fully paid up.
• The Board of Directors approved it at its meeting held on 08 September 2026, and the Members approved it by Ordinary Resolution at the Annual General Meeting held on 30 September 2026.

The record date

Friday, 16 October 2026 is the Record Date fixed for determining the Members entitled to receive the consolidated equity shares of face value of ₹10/- each. Members whose names appear in the Register of Members, or in the records of the Depositories as beneficial owners, as on the Record Date will receive 1 (one) equity share of ₹10/- each for every 2 (two) equity shares of ₹5/- each held.

Capital structure before and after

• Paid-up capital, pre-consolidation: ₹4,37,77,000 divided into 87,55,400 equity shares of ₹5/- each.
• Paid-up capital, post-consolidation: ₹4,37,77,000 divided into 43,77,700 equity shares of ₹10/- each.
• Authorised capital, pre-consolidation: ₹18,00,00,000 divided into 3,60,00,000 equity shares of ₹5/- each.
• Authorised capital, post-consolidation: ₹18,00,00,000 divided into 1,80,00,000 equity shares of ₹10/- each.
• The total paid-up share capital of the company remains unchanged; only the number of shares and their face value change.

What share holders should note

• Members holding shares in dematerialised form will get the consolidated shares credited to their demat accounts under the new ISIN allotted by NSDL and CDSL, in place of the existing ISIN.
• Members holding shares in physical form: the existing share certificates of ₹5/- each shall stand cancelled from the Record Date, and the consolidated shares shall be credited to a Suspense Escrow Demat Account of the company, with a Letter of Confirmation issued to such Members, who may thereafter request dematerialisation of such shares in accordance with the procedure prescribed by SEBI.

Fractional entitlements

Any fractional entitlements arising from the consolidation shall be consolidated into whole equity shares of ₹10/- each and allotted to and vested in a trustee or nominee to be appointed by the Board. That trustee holds them in trust for and on behalf of the Members entitled to the fractional entitlements, sells them in the market at the prevailing market price, and distributes the net sale proceeds, after adjusting costs, charges and expenses, to such Members in proportion to their respective fractional entitlements.

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