Monarch Networth Capital approves 1:5 stock split

Monarch Networth Capital Limited announced that its Board of Directors has approved a stock split of its equity shares. Each existing equity share with a face value of ₹10 will be sub-divided into 5 equity shares with a face value of ₹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 consequential alterations to its Memorandum of Association. The expected completion time for the split is within two months of shareholder approval. The split aims to broaden the retail shareholder base and encourage wider market participation.