
Split9 Mar 2026, 07:52 pm
Manbro Industries Ltd Announces 1:10 Stock Split for Enhanced Liquidity and Affordability
AI Summary
Manbro Industries Ltd has announced a sub-division/stock split of existing 1 equity share of face value of Rs. 10/- each, into 10 equity shares of face value Re. 1/- each. The decision was approved by shareholders in the Extra-Ordinary General Meeting held on Monday, 9th March, 2026. The split aims to provide enhanced liquidity, widen the shareholder base, and make the shares more affordable for small investors in the stock market. The split will not affect the voting rights or the amount of authorized, subscribed, and paid-up share capital of the company.
Key Highlights
- Manbro Industries Ltd announces a 1:10 stock split
- The split aims to enhance liquidity and make shares more affordable
- The decision was approved by shareholders in the EGM
- The split will not affect voting rights or the company's capital
- The new face value of the shares will be Re. 1/- each