Board approves 1:5 stock split — Rs. 5 face value share to become five Rs. 2 shares, subject to shareholder nod
Board approved a sub-division of equity shares: each share of face value Rs. 5/- becomes 5 shares of face value Rs. 2/- each.
By ScoutQuest · · 2 min read
- Split Ratio
- 1:5 (each Rs. 5 share becomes 5 shares of Rs. 2 each)
- Paid-up Shares Before
- 5,15,28,678
- Paid-up Shares After
- 12,88,21,695
- Total Paid-up Capital
- Rs. 25,76,43,390 (unchanged)
- Authorised Equity Shares After
- 17,50,00,000 of Rs. 2 each
What the board approved
At a meeting on September 25, 2026 (11:00 A.M. to 11:20 A.M.), the board considered and approved a sub-division/split of equity shares, a related change to the Memorandum of Association, a postal ballot notice, and appointment of a scrutinizer for the voting process.
The split
- Each existing fully paid-up equity share of face value Rs. 5/- will be sub-divided into 5 fully paid-up equity shares of face value Rs. 2/- each.
- Rationale stated: to improve liquidity of the shares in the market and make them more affordable to small retail investors.
- All shares are of one class, ranking pari-passu.
Capital before and after
- Authorised equity: 7,00,00,000 shares of Rs. 5 becomes 17,50,00,000 shares of Rs. 2; total stays Rs. 35,00,00,000.
- Issued and subscribed: 5,15,28,678 shares becomes 12,88,21,695 shares; total stays Rs. 25,76,43,390.
- Paid-up: same movement, 5,15,28,678 to 12,88,21,695 shares, capital unchanged at Rs. 25,76,43,390.
MOA change
Clause V of the Memorandum will be amended to read authorised share capital of Rs. 50,00,00,000 divided into 17,50,00,000 equity shares of Rs. 2 each and 1,50,00,000 cumulative redeemable non-convertible preference shares of Rs. 10 each.
Approvals and next steps
The split and the MOA alteration are subject to approval of shareholders and other statutory/regulatory authorities as may be required. A postal ballot notice was approved, with Mr. Tapan Shah, Practicing Company Secretary, appointed as scrutinizer for the voting and remote e-voting. The record date for the split will be intimated to the stock exchanges in due course, and completion is expected within timelines prescribed under the Companies Act, 2013 and SEBI Listing Regulations.
How to read it
A split increases the number of shares an investor holds proportionately while the face value per share falls; the company's total paid-up capital and an investor's proportionate ownership do not change. It is an action aimed at share affordability and tradability rather than at the business operations themselves.
Also from Varvee Global
Varvee Global Ltd press release, Q2 FY27
23 Oct 2026
Q2/H1 FY27 results approved; auditor review unmodified, with emphasis on MAT credit and rent income
22 Oct 2026
Board meet on 22 October 2026 to consider Un-Audited results for quarter, half year ended 30 September 2026
16 Oct 2026
More numbers
- Existing face value per shareRs. 5/-
- New face value per shareRs. 2 /-
- Number of shares each share splits into5 (five)
- Authorised equity shares pre-split7,00,00,000
- Authorised equity shares post-split17,50,00,000
- Authorised equity share capital total35,00,00,000
- Paid-up shares pre-split5,15,28,678
- Paid-up shares post-split12,88,21,695
- Paid-up share capital25,76,43,390
- Authorised share capital in amended MOA clauseRs. 50,00,00,000/-
- Preference shares in amended clause1,50,00,000
- Preference share face valueRs. 10/-
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.