Board Meeting22 Oct 2026, 06:20 pm
Aris International Approves Share Split & ₹50 Cr Loan/Guarantee Limit
AI Summary
Aris International Ltd announced the outcome of its Board Meeting held on October 22, 2026. The board approved a sub-division of equity shares, splitting each Rs. 10 share into two Rs. 5 shares. Additionally, the company received board approval for making loans, investments, guarantees, and securities up to an aggregate amount of Rs. 50,00,00,000 (Rs. 50 Crore) under Section 186 of the Companies Act, 2013, and for granting loans, guarantees, or securities to directors' interested parties up to Rs. 50,00,00,000 (Rs. 50 Crore) under Section 185. A postal ballot notice will be issued to seek shareholder approval for these matters.
Key Highlights
- Board approved equity share sub-division (1:2 ratio).
- Face value to reduce from Rs. 10 to Rs. 5 per share.
- Approved aggregate loans/investments up to Rs. 50 Crore.
- Approved loans/guarantees for interested directors up to Rs. 50 Crore.
- Shareholder approval to be sought via postal ballot.
Price Impact
More from ARISINT