Board Meeting22 Oct 2026, 06:10 pm
Aris International Approves Share Split & ₹50 Cr Loan/Guarantee Limit
AI Summary
Aris International Ltd's Board of Directors met on October 22, 2026, approving a sub-division of equity shares from Rs. 10 to Rs. 5 face value. The board also approved proposals for loans, investments, guarantees, and securities under Sections 186 and 185 of the Companies Act, 2013, each up to an aggregate amount not exceeding Rs. 50,00,00,000/- (₹50 Crore). These approvals are subject to shareholder and regulatory clearances. A postal ballot notice will be issued to seek member 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 loans/investments up to ₹50 Crore under Sec 186.
- Approved loans/guarantees up to ₹50 Crore under Sec 185.
- Shareholder approval required for all key decisions.
Price Impact
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