
Shiv Aum Steels Approves Financial Results and Share Split
Shiv Aum Steels Ltd's Board of Directors met on November 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board also approved a sub-division of existing equity shares, splitting each Rs. 10 share into five Rs. 2 shares, subject to shareholder approval. Consequently, the Memorandum of Association's capital clause will be altered to reflect the new share structure with a total capital of Rs. 15 Crores divided into 7.5 Crores equity shares of Rs. 2 each. A practicing company secretary has been appointed as a scrutinizer for the upcoming shareholder approval process. The trading window for designated persons will remain closed until 48 hours after the board meeting outcome announcement.
Key Highlights
- Board approved unaudited financial results for Q2 FY27.
- Approved sub-division of equity shares (1:5 ratio).
- Proposed alteration of Memorandum of Association.
- Shareholder approval required for share split and MoA alteration.
- Trading window closed for designated persons.
Price Impact
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