StockWatch
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Forest Products
Corporate Action28 Oct 2026, 12:20 pm

Stylam Industries Approves Share Split and MOA Alteration

AI Summary

Stylam Industries Limited's Board of Directors, in a meeting held on October 28, 2026, approved the sub-division of each equity share of face value Rs. 5/- into 5 equity shares of face value Rs. 1/-. This corporate action is subject to shareholder and regulatory approvals. Concurrently, the Board approved the alteration of the Capital Clause (Clause V) of the Memorandum of Association to reflect this share split. The company also approved the unaudited financial results for Q2 and H1 ended September 30, 2026, along with the limited review report. A draft postal ballot notice seeking shareholder approval for the share split and MOA alteration was also approved.

Key Highlights

  • Board approved sub-division of equity shares: 1:5 split.
  • Face value to change from Rs. 5 to Rs. 1 per share.
  • Alteration of Memorandum of Association approved.
  • Unaudited financial results for Q2 and H1 FY27 declared.
  • Shareholder approval via postal ballot is required.