
Split28 Apr 2026, 05:21 pm
Deepak Builders: 1:10 Stock Split & Authorized Capital Increase to
AI Summary
Deepak Builders and Engineers India Ltd's Board of Directors, in a meeting held on April 28, 2026, approved a sub-division of its equity shares. Each existing equity share with a face value of ₹10 will be split into 10 equity shares of ₹1 face value each. Additionally, the Board approved an increase in the company's Authorized Share Capital from ₹55 crores (55 crore shares of ₹1 each post-split) to ₹65 crores (65 crore shares of ₹1 each). This will also lead to a consequential alteration of the Capital Clause of the Memorandum of Association. Both proposals are subject to approval from shareholders via Postal Ballot.
Key Highlights
- Board approved a 1:10 stock split, changing face value from ₹10 to ₹1.
- Authorized Share Capital to increase from ₹55 Cr to ₹65 Cr.
- Capital Clause of Memorandum of Association will be altered.
- Proposals are subject to shareholder approval via Postal Ballot.