Azad India Mobility Approves 1:5 Equity Share Split
Azad India Mobility Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved a sub-division of its existing equity shares. One equity share with a face value of Rs. 10 will be split into five equity shares, each with a face value of Rs. 2. This corporate action necessitates an alteration to the company's Memorandum of Association, increasing the authorized share capital to Rs. 83 Crores, divided into 41.5 Crores equity shares of Rs. 2 each. The Board also considered and approved the Un-Audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report. The financial results were prepared in accordance with IND-AS and reviewed by R. Bhargava & Associates.
Key Highlights
- Board approved a 1:5 stock split for equity shares.
- Face value per share reduced from Rs. 10 to Rs. 2.
- Authorized share capital increased to Rs. 83 Crores.
- Unaudited financial results for Q1 FY27 approved.
- Results are standalone and consolidated, with limited review.
Price Impact
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