Waterways Leisure Tourism opens e-voting for 1:10 stock split
Waterways Leisure Tourism Limited has initiated the remote e-voting process for a 1:10 stock split, open from July 14 to August 12, 2026. Approved by the Board on July 10, 2026, the split reduces the face value from ₹10 to ₹1 to enhance liquidity. The company has engaged Link Intime India Private Limited for the process, with results to be announced within two working days after voting concludes.
*this image is generated using AI for illustrative purposes only.
Waterways Leisure Tourism Limited has opened the remote e-voting period for shareholders to approve the sub-division of its equity shares in a 1:10 ratio. The voting facility is available from 9.00 a.m. on July 14, 2026, until 5.00 p.m. on August 12, 2026. The proposal aims to enhance liquidity and increase accessibility for retail investors by reducing the face value of each share from ₹10 to ₹1.
The Board of Directors approved the stock split on July 10, 2026. Consequently, Friday, July 10, 2026, has been fixed as the cut-off date to determine the eligibility of members to receive the notice and participate in the voting process. The company has dispensed with sending physical copies of the postal ballot notice and form, dispatching the notice electronically on July 13, 2026, to members with registered email addresses.
Waterways Leisure Tourism Limited has engaged M/s Link Intime India Private Limited as the Registrar and Share Transfer Agent to facilitate the remote e-voting process. The resolutions will be deemed passed if they receive the requisite majority by the end of the e-voting period. The results of the postal ballot will be announced within two working days of the conclusion of voting.
Share Capital Structure
The following table outlines the proposed changes to the company's share capital structure:
| Particulars | Pre-split | Post-Split |
|---|---|---|
| Authorised share capital | ₹1,00,05,00,000 comprising 10,00,50,000 equity shares of ₹10 each | ₹1,00,05,00,000 comprising 1,00,05,00,000 equity shares of ₹1 each |
| Issued, Subscribed and Paid-up capital | ₹72,39,45,430 comprising 7,23,94,543 equity shares of ₹10 each | ₹72,39,45,430 comprising 72,39,45,430 equity shares of ₹1 each |
Key Corporate Details
| Event | Details |
|---|---|
| Stock Split Ratio | 1:10 |
| Board Meeting Date | July 10, 2026 |
| Cut-off Date | July 10, 2026 |
| Commencement of Remote E-voting | July 14, 2026 |
| End of Remote E-voting | August 12, 2026 |
The notice and explanatory statement are available on the company's website at cordeliacruises.com and the websites of the National Stock Exchange of India Limited and BSE Limited. Members who have not registered their email addresses are advised to do so with their depository participants to ensure they receive future communications.
How will the increased number of outstanding shares post-split impact the stock's trading volume and liquidity on the exchanges?
What strategic growth initiatives does Waterways Leisure Tourism plan to pursue following the expected improvement in retail investor accessibility?
How might the reduction in face value influence the company's eligibility for inclusion in key small-cap or broad-market indices?
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