Sprayking Ltd — Others, 26-06-2025: AGM/EGM

Sprayking Limited has announced a postal ballot seeking shareholder approval for several key corporate actions. It proposes a 1:2 stock split, subdividing each Rs. 2 equity share into two Rs. 1 shares to enhance liquidity and affordability for retail investors. Corresponding amendments to the Memorandum of Association will reflect this change. The company also plans to increase its authorized share capital from Rs. 22 Cr to Rs. 66 Cr by creating 44 Cr additional equity shares of Re. 1 each. Furthermore, a rights issue of 50 Cr equity shares is proposed, offering existing shareholders the opportunity to subscribe. These moves aim to strengthen the company’s capital base and broaden shareholder participation.