Split25 Mar 2026, 04:21 pm
Avro India Ltd Announces 1:10 Equity Share Split and Capital Clause Alteration
AI Summary
Avro India Ltd's Board of Directors has approved a 1:10 split of existing equity shares of Rs. 10/- face value into equity shares of Rs. 1/- face value each. The decision aims to enhance liquidity and encourage retail investor participation. The company also plans to alter its Capital Clause and adopt a new set of Articles of Association. The Extraordinary General Meeting (EGM) notice will be shared in due course.
Key Highlights
- Avro India Ltd approves 1:10 equity share split
- The split aims to enhance liquidity and encourage retail investor participation
- Company to alter Capital Clause and adopt new Articles of Association
- Extraordinary General Meeting (EGM) notice to be shared soon
- Tentative completion within two months post-approval