Krishana Phoschem Limited to Split Equity Shares 1:5
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Core Change: Krishana Phoschem Limited (NSE: KRISHANA) will carry out a 1 : 5 equity share split – face value reduced from ₹10 to ₹2, increasing total shares from 61,827,600 to 309,138,000.
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Effective Timeline:
- Board approval: 26 May 2026 (meeting 16:00‑17:20).
- Prior intimation to exchange: 20 May 2026.
- AGM/Postal ballot to ratify split: 24 June 2026 (fixed).
- Expected completion: within 2–3 months after the AGM (i.e., by roughly August‑September 2026).
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Impacted Parties: All existing shareholders of Krishana Phoschem Limited (NSE: KRISHANA) – no loss of shares or voting rights; holdings will be proportionally increased in number.
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Why (stated rationale): The split is intended to
- Enhance liquidity of the shares,
- Make shares more affordable and accessible to a broader investor base, and
- Boost trading volumes and broaden the shareholder base.
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Key Compliance / Legal Requirements:
- Board resolution approving the split (26 May 2026).
- Formal intimation to the stock exchange submitted on 20 May 2026.
- Ratification required at the AGM/postal ballot on 24 June 2026.
- Completion and issuance of new share certificates to occur within the stipulated 2–3 months post‑AGM.
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Other Notes: The split does not alter the company’s overall capital structure, paid‑up capital, or voting percentages.
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