Board fixes December 10, 2026 as record date for sub-division of equity shares
Board meeting held today, 6 October 2026, fixed Thursday, 10 December 2026 as the record date for the sub-division of equity shares.
- Record Date
- Thursday, 10 December 2026
- Split Ratio
- every equity share of face value Rs. 10/- to be split into 5 equity shares of Rs. 2/- each
- Approval Date
- 21st AGM held on 21 September 2026
Sub-division of equity shares
The company has informed the stock exchanges that its Board of Directors, at a meeting held on Tuesday, 6 October 2026, has fixed Thursday, 10 December 2026 as the record date for determining the eligibility of shareholders for the purpose of sub-division of equity shares.
What was approved, and when
- The members of the company, at the 21st Annual General Meeting held on 21 September 2026, approved the sub-division of the face value of equity shares of the company.
- Each equity share of face value Rs. 10/- (Rupees Ten only), fully paid-up, is to be sub-divided into 5 (Five) equity shares of Rs. 2/- (Rupees Two only) each, fully paid-up.
- The new equity shares rank pari-passu with the existing equity shares.
What the record date means
- A record date is the cut-off date used to determine which shareholders are eligible for a corporate action.
- Shareholders holding shares as on Thursday, 10 December 2026 will be covered by the sub-division.
- The Board meeting commenced at 01:00 P.M. and concluded at 01:30 P.M.
In short
This announcement is an update on a corporate action that shareholders have already approved. The sub-division reduces the face value of each share and increases the number of shares in the same proportion, while the record date fixes who is eligible.
Also from S.P. Apparels
Board fixes 10 December 2026 as record date for Rs 10 to Rs 2 share sub-division
6 Oct 2026
More numbers
- Existing face value per equity shareRs. 10/- (Rupees Ten Only)
- Number of equity shares after sub-division, per existing share5 (Five)
- Face value per equity share after sub-divisionRs. 2/- (Rupees Two Only)
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