Split25 Sept 2026, 11:36 am
Varvee Global Approves 1:5 Equity Share Split
AI Summary
Varvee Global Ltd's Board of Directors has approved a sub-division of its equity shares from a face value of Rs. 5 to Rs. 2, resulting in a 1:5 split. This move aims to improve market liquidity and affordability for retail investors. The company will also alter its Memorandum of Association and seek shareholder approval via postal ballot. A practicing company secretary has been appointed as a scrutinizer for the process.
Key Highlights
- Board approves 1:5 equity share sub-division.
- Face value to reduce from Rs. 5 to Rs. 2.
- Aims to enhance market liquidity and affordability.
- Shareholder approval to be sought via postal ballot.
- Capital clause of MOA to be altered.
Price Impact
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