Garodia Chemicals Limited has informed BSE Limited about the fixing of March 25, 2026 as the record date for sub-division of equity shares held by public shareholders under its Base Resolution Plan (BRP). The announcement was made through a regulatory filing dated March 13, 2026, in compliance with SEBI listing regulations.

NCLT-Approved Restructuring Plan

The share subdivision follows an order from the National Company Law Tribunal (NCLT) Mumbai Branch dated February 24, 2025. The Monitoring Committee has resolved to implement the restructuring as part of the court-approved Base Resolution Plan.

Share Subdivision Details

The approved BRP outlines a specific restructuring mechanism for public shareholders through share subdivision:

Under this arrangement, existing equity shares held by public shareholders having face value of Rs. 10/- each shall be sub-divided into equity shares having face value of Rs. 1/- each. The subdivision will be effectuated upon completion of the reduction and reconstitution of the shareholding of public shareholders as envisaged under the approved Resolution Plan.

Regulatory Compliance

The company has made this disclosure under Regulation 42 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Managing Director Ravindra Subhash Salunkhe (DIN: 06753149) from Mumbai.

Corporate Action Timeline

The restructuring represents a significant milestone in the company's resolution process, with the record date serving as the cut-off for determining eligible shareholders. The share subdivision forms an integral part of the NCLT-approved Base Resolution Plan, marking a key step in the company's corporate restructuring initiative under the approved resolution framework.