Record date fixed for sub-division/split: Rs. 5 face value shares to be split into Rs. 2 face value shares
Varvee Global Ltd has fixed Friday, November 27, 2026 as the Record Date for the sub-division/split of its equity shares.
By ScoutQuest · · 1 min read
- Record Date
- Friday, November 27, 2026
- Split Ratio / Face Value Change
- Each equity share of face value Rs. 5/- will be sub-divided into shares of face value Rs. 2/-
- Shareholder Approval
- approved by shareholders through Postal Ballot on 30th October, 2026
Split at a glance
- The company has fixed Friday, November 27, 2026 as the Record Date for the sub-division/split of its equity shares.
- Each equity share of face value Rs. 5/- (Rupees Five only), fully paid-up, will be sub-divided into shares of face value Rs. 2/- (Rupee Two only), fully paid-up.
- The new shares will rank pari-passu in all respects with the existing shares.
- Book closure dates are shown as Not Applicable.
- The sub-division was approved by the Equity Shareholders through Postal Ballot on 30th October, 2026.
What a sub-division or split means
A split changes the face value of each share, not the total value of a shareholder's holding. Here the face value per share falls from Rs. 5/- to Rs. 2/-, so a shareholder ends up with more shares of a smaller face value. The update also states that the company will ensure the time gap between the two record dates is at least 30 days.
What the record date decides
The record date is the cut-off used to determine the eligibility of members for this sub-division. Shareholders whose names appear for the shares on that date are the ones whose holdings are considered for the split.
Points to note
- The action is described in the update as a sub-division/split of existing equity shares.
- The change is in the face value of each share, from Rs. 5/- to Rs. 2/-.
- The shareholder approval for this was taken through a Postal Ballot concluded on 30th October, 2026.
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Record date fixed for sub-division: Rs. 5/- face value shares to be split into Rs. 2/- shares
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More numbers
- Face value per existing equity shareRs. 5/-
- Face value per share after sub-divisionRs. 2/-
- Existing equity share sub-divided1 (one) equity share
- Minimum gap between the two record dates30 days
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