Oriana Power Limited Announces Equity Share Split and Capital Structure Alteration
Oriana Power Limited has approved a significant corporate action involving the sub-division or split of its existing equity shares, alongside related amendments to the Company’s Memorandum of Association. The decision was made by the Board of Directors during a meeting held on July 13, 2026.The core of the decision is the conversion of the existing equity share capital. Under the approved plan, each fully paid-up equity share with a face value of Rs. 10/- (Rupees Ten only) will be split into five new fully paid-up equity shares, each carrying a face value of Rs. 2/- (Rupees Two only).
This move represents an alteration of the Company's authorized capital structure. The existing authorization of 24,50,00,000 Equity Shares with a face value of Rs. 10/- will be changed to reflect an Authorized Share Capital of Rs. 24,50,00,000 divided into 12,25,00,000 Equity Shares of face value of Rs. 2/-.
Financial Details and Rationale for the Split
The split is designed to enhance liquidity within the Company's equity shares and to encourage greater participation from small investors by making the stock more accessible.A detailed comparison of the company's share capital before and after the planned sub-division is provided below:
| Particulars | Pre Sub Division/Split (Face Value Rs. 10/-) | Post Sub Division/Split (Face Value Rs. 2/-) |
|---|---|---|
| Authorized Equity Shares | 2,45,00,000 shares | 12,25,00,000 shares |
| Subscribed and Paid-up Share Capital | 2,03,19,150 shares | 10,15,95,750 shares |
The split ratio is determined as a 1:5, meaning one existing equity share will be converted into five new equity shares.
Looking ahead, the Company indicated that the expected time for completion of the sub-division is within two months from the date of Shareholders' approval. The Board also approved the necessary Postal Ballot Notice to seek members’ approval for both the split and the consequential alteration of Clause V (Capital Clause) of the Memorandum of Association.
ORIANA Stock Price Movement
Oriana Power Limited shares today gained, settling at ₹1504.9, after closing up 2.09% from the previous session's close. The stock traded within an intraday range of ₹1465.05 to ₹1515.00 and saw a volume of 32,100 shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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