Galaxy Agrico Exports Limited has deferred its final decision on a proposed sub-division of equity shares. The Board of Directors held a meeting on August 25, 2026, to discuss the proposal but opted to reconsider the matter at its next session.

The company proposed splitting existing equity shares with a face value of ₹10 each into shares with a face value of ₹1 each. This ten-fold subdivision aims to enhance liquidity and accessibility for retail investors, though no formal approval was granted during the current meeting.

Matters Discussed

The Board reviewed several procedural and legal aspects connected to the share split proposal. Key items on the agenda included:

• Consequential amendments to the Memorandum of Association.
• Alteration of the Capital Clause within the Memorandum of Association.
• Convening an Extra-Ordinary General Meeting or General Meeting to obtain shareholder approval.
• Fixing the Record Date for implementing the sub-division.

No Final Decision Taken

Despite the detailed discussion, the Board did not finalize any decisions regarding the Record Date or the scheduling of the General Meeting. The company stated it will make necessary disclosures to stock exchanges only after securing final approval for these matters in a subsequent Board meeting.

The meeting commenced at 4:00 pm and concluded at 5:00 pm. Prashant Sudhir Khairnar, Director, signed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Galaxy Agrico Exports Limited will convene a meeting of its Board of Directors on Tuesday, August 25, 2026, to deliberate on a corporate action aimed at increasing the liquidity of its equity shares through a sub-division. The company disclosed the intimation pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda item is the proposal to sub-divide the existing equity shares, which currently carry a face value of ₹10 each, into new equity shares with a face value of ₹1 each. This effectively represents a 10:1 stock split. The proposal is contingent upon the approval of the company’s members and any other necessary regulatory or statutory consents.

Corporate Action Details

Alongside the share split, the board is scheduled to consider consequential amendments to the Memorandum of Association (MoA). Specifically, the directors will review alterations to the Capital Clause of the MoA to reflect the changes in authorised share capital resulting from the sub-division. Any other matters incidental to this proposal will also be addressed during the session.

The record date for determining eligibility for the share split has not been fixed yet. The company stated that it will determine and intimate the record date separately, following the requisite approvals from members and other applicable authorities. The intimation was signed by Prashant Sudhir Khairnar, Director, on August 18, 2026.