Waterways Leisure Tourism Limited’s equity shares commenced trading on an ex-split basis on August 25, 2026, following a 1:10 sub-division. The corporate action reduces the face value per share from ₹10 to ₹1, aiming to enhance accessibility for retail investors and improve secondary market liquidity.

Corporate Action Details

The ex-split date was advanced by one day due to a clearing holiday on August 26, 2026, which remains the record date for determining shareholders entitled to the subdivided shares. The company notified BSE Limited and National Stock Exchange of India Limited of the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Each existing fully paid-up equity share of ₹10 has been subdivided into 10 fully paid-up equity shares of ₹1 each. The total paid-up equity capital remains unchanged at ₹723.95 million.

Strategic Intent

Jurgen Bailom, Chairman of the Board, Executive Director and CEO, stated that the sub-division is designed to make the equity more approachable by lowering the per-share price point. He emphasized that the action does not alter the company’s underlying value or paid-up capital but supports wider participation as the firm executes its growth plans.

Waterways Leisure Tourism operates Cordelia Cruises, offering integrated onboard propositions including accommodation, dining, entertainment, and MICE services. Since commencing operations, more than 7.8 lakh guests have sailed with Cordelia Cruises across domestic and international itineraries.

Waterways Leisure Tourism Limited shareholders have approved the sub-division of its equity shares in a 1:10 ratio through an Ordinary Resolution passed via postal ballot on August 12, 2026. The company has fixed August 26, 2026, as the record date to determine shareholder eligibility for receiving the subdivided shares.

Under the approved proposal, each existing equity share with a face value of ₹10 will be split into ten equity shares with a face value of ₹1 each. This corporate action aims to enhance accessibility for retail investors and improve liquidity in the secondary market. The company's total paid-up share capital will remain unchanged at ₹723.95 million, while the number of equity shares will increase from 7,23,94,543 to 72,39,45,430.

Key Details

The disclosure was made pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ankit Satish Shah, Company Secretary, signed the intimation letter addressed to the listing departments of BSE Limited and National Stock Exchange of India Limited.

Jurgen Bailom, Chairman of the Board, Executive Director and CEO, stated that the approval marks a milestone in building a more accessible listed company. He emphasized the commitment to supporting greater liquidity and engagement in equity as the company expands its fleet. Waterways Leisure currently operates the Empress cruise and plans to add the Sky vessel in October 2026 and the Sun in November 2027.