Split18 Aug 2026, 06:20 pm
Kairosoft AI Solutions Approves Stock Split & ₹49.5 Cr Fundraise
AI Summary
Kairosoft AI Solutions Ltd's Board of Directors has approved a stock split, subdividing each equity share of face value ₹10 into 10 shares of face value ₹1. This move aims to enhance liquidity and affordability for small investors. Additionally, the company plans to raise up to ₹49.50 crore through a Rights Issue. The Memorandum of Association will be altered to reflect the new share capital structure. Shareholder approval is required for both the stock split and the MOA alteration, with the Annual General Meeting scheduled for August 29, 2026. The company also approved the Draft Letter of Offer for the Rights Issue.
Key Highlights
- Stock split approved: 1 equity share of ₹10 into 10 equity shares of ₹1.
- Fundraising target of ₹49.50 crore via Rights Issue.
- Memorandum of Association to be altered to accommodate share capital changes.
- AGM on August 29, 2026, to seek shareholder approval for split and MOA changes.
- Objective: Enhance liquidity and widen shareholder base.
Price Impact
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