Waterways Leisure Tourism approves 1:10 stock split to boost liquidity
Waterways Leisure Tourism Limited has approved a 1:10 stock split, reducing the face value of its equity shares from Rs 10 to Re 1, to enhance liquidity and accessibility. The decision, taken at a board meeting on July 10, 2026, is subject to shareholder and regulatory approvals. The company also announced the closure of the trading window for insiders until the declaration of unaudited financial results for the quarter ended June 30, 2026.
*this image is generated using AI for illustrative purposes only.
Waterways Leisure Tourism Limited has approved a stock split in the ratio of 1:10, following a board meeting convened to consider the sub-division of the face value of its equity shares. The move aims to enhance liquidity and make the stock more accessible to a wider base of investors. The sub-division remains subject to shareholder approval and other necessary regulatory clearances.
The board meeting was held on July 10, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the sub-division is part of its efforts to align its share structure with prevailing market standards. The proposal involves splitting existing equity shares of Rs 10 each fully paid-up into 10 equity shares having a face value of Re 1 each fully paid-up.
Share Capital Structure
The following table summarises the pre and post-split share capital structure:
| Particulars | Pre-split | Post-Split |
|---|---|---|
| Authorised share capital | Rs. 1,00,05,00,000 comprising 10,00,50,000 equity shares of Rs. 10 each | Rs. 1,00,05,00,000 comprising 1,00,05,00,000 equity shares of Re. 1 each |
| Issued, Subscribed and Paid-up capital | Rs. 72,39,45,430 comprising 7,23,94,543 equity shares of Rs. 10 each | Rs. 72,39,45,430 comprising 72,39,45,430 equity shares of Re. 1 each |
Key Corporate Details
The following table summarises the key events and dates related to these corporate developments:
| Event | Details |
|---|---|
| Stock Split Ratio | 1:10 |
| Board Meeting Date | July 10, 2026 |
| Trading Window Closure | July 1, 2026 |
| Quarter End for Results | June 30, 2026 |
Trading Window Closure
In a separate disclosure, Waterways Leisure Tourism informed the exchanges that the trading window for dealing in the company's securities has been closed for designated persons, insiders, employees, and their immediate relatives. The closure began on July 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. This measure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Prohibition of Insider Trading, ensuring compliance with regulatory norms to prevent insider trading during sensitive periods.
The company operates under the brand Cordelia Cruises.
How will the stock split impact the trading volume and liquidity of Waterways Leisure Tourism shares in the short term?
What are the expected reactions from retail investors following the reduction in face value and increased accessibility?
How might the stock split influence the company's ability to attract new institutional investors?
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