
Corporate Action6 Oct 2026, 07:40 pm
Noble Polymers Approves 2-for-1 Equity Share Consolidation
AI Summary
Noble Polymers Ltd has approved the consolidation of its equity shares, where every two equity shares of face value ₹5 each will be consolidated into one equity share of face value ₹10 each. This corporate action was approved by the Board of Directors on September 8, 2026, and by the Members at the Annual General Meeting on September 30, 2026. The company has fixed October 16, 2026, as the Record Date to determine entitlement for the consolidated shares. The total paid-up share capital will remain unchanged, with the number of shares and their face value being adjusted. Fractional entitlements will be handled by appointing a trustee to sell them and distribute proceeds.
Key Highlights
- Equity shares consolidated on a 2-for-1 basis.
- Face value changes from ₹5 to ₹10 per share.
- Record date set for October 16, 2026.
- Total paid-up capital remains unchanged.
- Fractional shares to be sold with proceeds distributed.
Price Impact
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