P S Raj Steels Shareholders Approve 1:5 Stock Split to Boost Liquidity

P S Raj Steels Shareholders Approve 1:5 Stock Split to Boost Liquidity​

P S Raj Steels Limited, a prominent manufacturer of stainless steel pipes and tubes, announced that its shareholders approved a stock sub-division at the Extra-Ordinary General Meeting (EGM) held on Tuesday, July 7, 2026. The measure is intended to enhance market liquidity and encourage wider participation from retail investors.

The resolution passed during the EGM specified the conversion of one equity share with a face value of ₹10 into five fully paid-up equity shares, each carrying a face value of ₹2. The Ordinary Resolutions were approved by 100.00% of the valid votes cast through remote e-voting, as certified by Scrutinizer, Akanksha Chugh & Associates, Practicing Chartered Accountant.

The sub-division will not change the aggregate authorised and paid-up share capital. Pre-sub-division, the company had 80,00,000 shares of Rs. 10 each as authorized, with 75,38,314 shares issued, subscribed, and paid up, amounting to a paid-up capital of ₹7,53,83,140. Post sub-division, the authorised share capital stands at 4,00,00,000 equity shares of Rs. 2 each, with 3,76,91,570 shares of Rs. 2 each issued, subscribed and paid up.

Details regarding the changes in share capital are presented below:


In addition to the stock split, shareholders approved material related party transactions proposed for Fiscal Year (FY) 2026-27 with Sheela Stainless Private Limited (up to Rs. 3,344 lakhs) and Steelmint Industries Private Limited (up to Rs. 3,600 lakhs), which are set to occur in the ordinary course of business and on an arm's length basis.

Financial Performance Review​

The company’s financial performance reflected positive growth across key metrics during the review period. A look at the operational and profitability figures spanning FY2024-25 and FY2025-26 shows strong execution:


Deepak Kumar, Managing Director of P S Raj Steels Limited, commented on the development, stating that the shareholder approval for the stock split is a crucial step toward improving liquidity and increasing the accessibility of the company's shares to a broader investor base. He added that the company remains focused on strengthening operations, enhancing efficiency, and generating sustainable long-term value for all stakeholders, noting that the recent financial performance supports this commitment through operational execution during FY2025-26.

P S Raj Steels Limited has been manufacturing stainless steel pipes and tubes for more than two decades. With a production capacity of 14,800 MT annually, its product range covers Outer Diameter (OD) pipes, Nominal Bore (NB) pipes, section pipes, and slotted pipes. These products serve various fabrication and industrial applications across sectors such as railways, food processing, sugar mills, gate railings, and heat exchangers.

PSRAJ Stock Price Movement​

P S Raj Steels Limited settled today at ₹414.25, recording a neutral performance with zero change against the previous close. The share price maintained stability within its daily trading band, which ranged from ₹393.55 to ₹434.95.