Krishana Phoschem has approved the sub-division of its equity shares in a 1:5 ratio, reducing the face value from Rs 10 to Rs 2 per share. The decision, taken during a board meeting on May 26, 2026, aims to enhance the liquidity of the company's shares and make them more affordable to a wider base of investors. The split is subject to shareholder approval and other regulatory consents.

Stock Split Details

The board approved the division of one fully paid-up equity share of Rs 10 each into five fully paid-up equity shares of Rs 2 each. Consequently, the company's authorized share capital will be adjusted to Rs 70 crore divided into 35 crore equity shares of Rs 2 each. The issued, subscribed, and paid-up capital will increase to 30,91,38,000 equity shares of Rs 2 each from the existing 6,18,27,600 shares.

Corporate Action Rationale

The sub-division is intended to increase trading volumes and broaden the shareholder base. The company stated that the stock split does not affect the overall capital structure or the intrinsic value of the entity. The record date for the sub-division will be intimated in due course, and the process is expected to be completed within 2-3 months of shareholder approval.

Other Board Approvals

The board also approved increasing borrowing powers to Rs 2,000 crore and enhancing limits for creating mortgages on assets to Rs 2,000 crore, subject to shareholder approval. Additionally, the board sought approval to raise funds up to Rs 1,000 crore through various modes, including private placement or qualified institutions placement. The Annual General Meeting is scheduled for June 24, 2026.

Krishana Phoschem Limited has fixed June 17, 2026, as the record date to determine shareholder eligibility for the final dividend, if declared, for the financial year ended March 31, 2026. This date also establishes the cut-off for members entitled to participate in remote e-voting and e-voting at its 22nd Annual General Meeting (AGM). The company has published an advertisement in the Financial Express (English) and Business Remedies (Hindi Edition) on May 27, 2026, intimating the AGM details, in compliance with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remote e-voting facilities will be available to shareholders starting Saturday, June 20, 2026, at 9:00 A.M. IST and will conclude on Tuesday, June 23, 2026, at 5:00 P.M. IST. The 22nd AGM is scheduled for Wednesday, June 24, 2026, at 12:30 P.M. IST, conducted exclusively via Video Conferencing or Other Audio-Visual Means (VC/OAVM). The Notice of AGM and Annual Report for FY26 will be sent electronically to members with registered email addresses and made available on the company website.

Dividends for FY 2025-2026 will be electronically credited to members. Shareholders holding shares in demat form must ensure their bank account details are updated with their depository participants, while those with physical holdings must update details with the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, to receive payments. Members without updated bank details will receive dividend warrants or demand drafts via post.

Key Meeting Dates