Monarch Networth Capital Approves 1:5 Share Split

Monarch Networth Capital Limited's Board of Directors has approved a sub-division of its equity shares, splitting each existing share of face value ₹10 into five shares of face value ₹2. This move is subject to shareholder and regulatory approvals. The rationale behind the split is to enhance affordability, increase accessibility for retail investors, and improve market liquidity. The company also approved a consequential alteration to the Capital Clause of its Memorandum of Association to reflect this change. The expected completion is within two months post-approvals. The split aims to broaden the retail shareholder base and encourage wider market participation.