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Split28 Sept 2026, 01:08 pm

BN Agrochem Approves 1:10 Stock Split, EGM on Oct 22

AI Summary

BN Agrochem Ltd's Board of Directors has approved a capital restructuring proposal involving a sub-division (stock split) of equity shares. Each existing equity share with a face value of ₹10 will be split into 10 equity shares of ₹1 face value each. The company also approved the notice for its 1st Extra-Ordinary General Meeting (EGM) for FY 2026-27, scheduled for October 22, 2026. The EGM will be held via video conferencing, with October 16, 2026, set as the cut-off date for electronic voting. Additionally, the board approved the appointment of Bigshare Services Private Limited as the e-voting agency and M/s Mehta & Mehta as the scrutinizer for the EGM. The board also approved extending a corporate guarantee of ₹10 Crores for B.N. Agritech Limited, a related party, to secure credit facilities from Godrej Finance Limited.

Key Highlights

  • Board approves 1:10 stock split of equity shares.
  • EGM scheduled for October 22, 2026, to approve the split.
  • Corporate guarantee of ₹10 Crores approved for related party.
  • E-voting agency and scrutinizer appointed for EGM.