Pashupati Cotspin Limited Approves Stock Split and Capital Alteration
Pashupati Cotspin Limited announced on February 26, 2026, that its Board of Directors approved the sub-division of its existing equity shares. The company will split 1 existing equity share with a face value of Rs. 10/- each into 1 equity share of Re. 1/- each. This move aims to make the company's equity shares more affordable, enhance liquidity in the market, and broaden shareholder participation.The Board also approved an alteration of the Capital Clause in the Memorandum of Association to reflect the stock split. A Postal Ballot will be held to seek approval from the company’s shareholders for both the stock split and the capital alteration. Ms. Janki Shah, Proprietor of M/s. SJV & Associates, has been appointed as the Scrutinizer to oversee the Postal Ballot process.
The record date for the stock split will be announced after shareholder approval. The company anticipates completing the process within 2 to 2.5 months from receiving the necessary approvals and shareholder consent.
Currently, the company has 1,60,00,000 authorized shares, with a total value of Rs. 16,00,00,000. The issued, subscribed, and paid-up share capital is 1,57,84,000 shares, with a total value of Rs. 15,78,40,000. Following the split, the number of shares will increase to 16,00,00,000, each with a face value of Re. 1/- resulting in a total value of Rs. 16,00,00,000.
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