Pavna Industries Limited — Others, 04-07-2025: Shareholders meeting
04-07-2025 | 02:44 pm
04-07-2025 | 02:44 pm
Pavna Industries Limited has announced a board meeting to seek shareholder approval via postal ballot for a 1:10 stock split, reducing the face value of each equity share from Rs. 10 to Rs. 1. This aims to improve liquidity and attract greater retail investor participation without changing the company's overall share capital. Consequential amendments to the Capital Clause of the Memorandum of Association will reflect this change. Shareholders will vote through remote e-voting, with new share certificates issued automatically for physical shares and proportionate credits for dematerialized shares. This move is intended to make shares more affordable and accessible.
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