Chandni Machines Approves 1:10 Stock Split, Director Appointments
Chandni Machines Ltd's Board of Directors met on September 8, 2026, approving a 1:10 stock split of existing equity shares, subject to shareholder approval. The face value will change from ₹10 to ₹1 per share to enhance market liquidity and broaden the shareholder base. The company also approved the alteration of its Memorandum of Association to reflect this change. Additionally, the board appointed Mr. Kishor Babubhai Vaidya as an Additional Independent Director and re-appointed Richie Hiralal Amin as an Independent Director for a second five-year term. The board also approved the appointment of a Company Secretary in Practice as Secretarial Auditor for FY 2026-27 to 2030-31 and authorized the company to provide loans, inter-corporate deposits, and guarantees exceeding prescribed limits under Section 186 of the Companies Act, 2013.
Key Highlights
- Board approved a 1:10 stock split for equity shares.
- Appointment of Mr. Kishor Babubhai Vaidya as Additional Independent Director.
- Re-appointment of Richie Hiralal Amin as Independent Director for five years.
- Secretarial Auditor appointed for FY 2026-27 to 2030-31.
- Approval for loans and inter-corporate deposits beyond statutory limits.
Price Impact
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