Krishana Phoschem Limited to Split Equity Shares 1:5
Krishana Phoschem Limited (NSE: KRISHANA) – Share Split Announcement
Date of Announcement: 26 May 2026
Introduction
Krishana Phoschem Limited (NSE: KRISHANA) filed a capital‑alteration notice on 26 May 2026, announcing a 1:5 equity share split. The filing provides the complete details of the split, including the board and AGM dates, the revised face value, and the expected timeline for completion.
Key Details of the Share Split
| Item | Pre‑Split | Post‑Split |
|---|---|---|
| Class of Shares | Equity | Equity |
| Ratio | – | 1 : 5 |
| Face Value (₹) | 10 | 2 |
| Number of Shares | 61,827,600 | 309,138,000 |
| Authorized Share Capital (₹) | 700,000,000 | 700,000,000 |
| Paid‑Up Share Capital (₹) | 6,182,276,000 | 618,276,000 |
| Subscribed Share Capital (₹) | 6,182,276,000 | 618,276,000 |
| Number of Shareholders Excluded | 0 | 0 |
| Voting Rights Impact | No change | No change |
- Type of alteration: Split (not a consolidation).
- Board approval: The board approved the split on 26 May 2026 (meeting 16:00 – 17:20).
- AGM/Postal ballot date: 24 June 2026 (fixed).
- Prior intimation to exchange: Submitted on 20 May 2026.
- Expected completion: Within 2–3 months from the AGM.
Rationale for the Split
The company states that the subdivision of equity shares is intended to:
- Enhance liquidity of its shares in the market.
- Make the shares more affordable and accessible to a broader investor base.
- Increase trading volumes and broaden the shareholder base.
The split does not alter the overall capital structure or the intrinsic value of the company.
Timeline & Procedural Highlights
- 26 May 2026: Board meeting convened; decision to split approved.
- 20 May 2026: Prior intimation of the board meeting sent to the stock exchange.
- 24 June 2026: AGM (or postal ballot) scheduled to ratify the split.
- 2–3 months after AGM: Anticipated completion of the share split and issuance of new share certificates.
Impact on Shareholders
- No shareholder will lose shares as a result of the split.
- Voting percentages remain unchanged, as the split does not affect voting rights.
- The reduced face value (₹2) and increased number of shares aim to improve marketability without diluting existing holdings.
Bottom line for investors: Krishana Phoschem Limited is undertaking a 1:5 equity share split to boost share liquidity and broaden its investor base. The split is board‑approved, will be ratified at the AGM on 24 June 2026, and is expected to be completed within the next 2–3 months. No change to voting rights or overall capital value is anticipated.
Original Source Document
View the original exchange filing or announcement.
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