Split25 Mar 2026, 04:28 pm
Avro India Ltd Announces 1:10 Equity Share Split and Capital Clause Alteration
AI Summary
Avro India Ltd announced that its Board of Directors 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, subject to shareholder approval. The Extraordinary General Meeting (EGM) notice will be shared in due course.
Key Highlights
- 1:10 equity share split from Rs. 10/- face value to Rs. 1/- face value
- Alteration of Capital Clause to increase authorized share capital
- Adoption of new Articles of Association under Companies Act, 2013
- Extraordinary General Meeting (EGM) to be held on April 18, 2026
- Expected completion within two months of shareholder and regulatory approvals