Split19 Aug 2026, 11:08 am
Kairosoft AI Solutions Ltd Announces 1:10 Stock Split
AI Summary
Kairosoft AI Solutions Ltd has announced a stock split, dividing each equity share of face value ₹10 into ten equity shares of face value ₹1. This corporate action, approved by the Board of Directors on August 18, 2026, is subject to shareholder approval at the 44th Annual General Meeting (AGM) scheduled for August 29, 2026. The split aims to enhance liquidity and make shares more accessible to a wider investor base. The alteration in the company's Capital Clause of the Memorandum of Association will also be addressed. The authorized share capital will increase from ₹19 crore to ₹190 crore, and the issued, subscribed, and paid-up capital will rise from approximately ₹1.18 crore to ₹11.83 crore.
Key Highlights
- Company announces 1:10 stock split for its equity shares.
- Face value per share to reduce from ₹10 to ₹1.
- Split requires shareholder approval at the upcoming AGM.
- Aims to improve share liquidity and accessibility.
- Capital clause alteration in Memorandum of Association approved.
Price Impact
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