East West Freight Carriers Moves to Consolidate Shares, Increasing Face Value from Rs. 2 to Rs. 10
East West Freight Carriers Limited is pursuing the consolidation of its shares, seeking to increase the face value from Rs. 2 per share to Rs. 10 per share. This corporate action is being undertaken under Section 61(b)(1) of the Companies Act, 2013.The process involves the National Company Law Tribunal (NCLT), Mumbai Bench. The Company filed a petition for this consolidation, initially setting a hearing date of June 27, 2025. The Tribunal admitted the petition on February 24, 2026.
The NCLT, Mumbai Bench, heard the matter on April 8, 2026, delivering an order. On this date, the Tribunal directed the Company to serve copies of the petition on certain authorities. The counsel for the petitioner submitted that compliance with the previous order had been completed, and further clarification was sought from the BSE.
Following the proceedings, the Tribunal listed the Company Petition for further consideration on June 17, 2026.
Stock Price Movement
As of 15:15, East West Freight Carriers Ltd shares are ticking up, currently trading at ₹3.19, representing a 1.27% gain for the day. The stock has seen significant movement during the session, ranging from a low of ₹3.18 all the way up to a high of ₹3.31.Source:
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