JSW Dulux fixes Oct 22 record date for 1:10 equity share split
- Record date for JSW Dulux share split is October 22, 2026
- Shareholders receive ten ₹1 shares for every one ₹10 share held
- Voting approval passed with over 99.99% support across all resolutions
*this image is generated using AI for illustrative purposes only.
JSW Dulux Limited has fixed October 22, 2026 as the record date for determining shareholder eligibility for its recently approved equity share split. This decision follows the successful postal ballot voting concluded on September 20, 2026.
The company announced on September 22, 2026, that shareholders holding equity shares of face value ₹10 each as of the record date will receive ten new shares of face value ₹1 each. This corporate action converts one existing fully paid-up equity share into ten fully paid-up equity shares.
Voting Results Breakdown
The e-voting process saw significant participation from institutional investors. Out of 51,038 shareholders on the cut-off date of August 7, 2026, 499 members cast their votes. This represents a total of 39,071,143 votes polled out of 45,540,314 outstanding shares, indicating an overall participation rate of approximately 85.8%.
Promoter group participation was absolute, with the promoters holding 27,871,723 shares voting unanimously in favor of all three resolutions. Public institutions also showed strong support, casting 11,176,599 votes in favor across the board. Non-institutional public shareholders participated to a lesser extent but still delivered decisive results.
| Resolution | Votes in Favor | Votes Against | % Support | Status |
|---|---|---|---|---|
| Sub-division of equity share face value | 39,070,798 | 345 | 99.9991% | Passed |
| Alteration of MoA Capital Clause | 39,070,753 | 390 | 99.9990% | Passed |
| Alteration of AoA Capital Clause | 39,070,603 | 540 | 99.9986% | Passed |
Resolution Details
The first resolution, an ordinary resolution, sought approval for the sub-division of the face value of the company's equity shares. It received near-unanimous support, with only 345 votes cast against it, primarily from non-institutional public shareholders.
The second resolution, also ordinary, pertained to the alteration of the Capital Clause in the Memorandum of Association (MoA). This resolution passed with 39,070,753 votes in favor and 390 votes against.
The third resolution, classified as a special resolution, addressed the alteration of the Capital Clause in the Articles of Association (AoA). It secured 39,070,603 votes in favor, with 540 votes against. The slight variation in dissenting votes across resolutions reflects minor differences in individual shareholder preferences, though the outcome remained unchanged.
Next Steps
The Scrutinizer, Mr. A K Labh, submitted his report on September 21, 2026, confirming the validity of the voting process. JSW Dulux will now proceed with the implementation of the share split and the necessary regulatory filings to update its MoA and AoA. The detailed voting results and Scrutinizer's report are available on the company's website and the NSDL e-voting platform.
Historical Stock Returns for JSW Dulux
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.95% | +3.02% | -1.89% | +3.64% | -7.29% | +37.88% |
How might the increased share liquidity from the split impact JSW Dulux's inclusion in key market indices like Nifty 500 or Nifty Midcap 100?
What are the expected short-term trading volume trends and retail investor participation levels leading up to the October 22, 2026 record date?
Will the post-split share price adjustment influence institutional investors' rebalancing strategies or alter the company's perceived valuation multiples?
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