AVRO INDIA LIMITED Announces Stock Split and Other Corporate Actions
AVRO INDIA LIMITED announced on March 25, 2026, that its Board of Directors has approved a 1:10 stock split of its existing equity shares. This means that each existing share with a face value of Rs. 10 will be split into 10 shares with a face value of Rs. 1 each. The decision aims to enhance the liquidity of the company's equity shares and encourage participation from retail investors.The Board also approved an alteration of the company’s Capital Clause in its Memorandum of Association, which will read: ‘The Authorized Share Capital of the Company is Rs. 15,00,00,000 divided into 15,00,00,000 equity shares of face value of Rs. 1 each.’
Furthermore, the Board approved the adoption of a new set of Articles of Association and called for an Extraordinary General Meeting (EGM) scheduled for April 18, 2026. The record date for the stock split will be determined after shareholder approval and communicated separately.
The Board meeting commenced at 1:00 P.M. (IST) and concluded at 3:48 P.M. (IST).
Here’s a summary of the share capital changes:
| Particulars | Details | |
|---|---|---|
| Pre and Post share capital- authorised, paid up and subscribed | ||
| Equity Shares | 1,50,00,000 | 15,00,00,000 |
| Face Value (Rs.) | 10 | 1 |
| Issued, Subscribed and Paid-up Share Capital Equity Shares | 1,33,11,050 | 13,31,10,500 |
| Face Value (Rs.) | 10 | 1 |
The company anticipates completing the stock split within approximately two months, subject to shareholder approval and any required regulatory approvals.
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