Caspian Corporate Services Limited has announced a significant corporate action aimed at potentially improving its stock's market perception. The company is seeking shareholder approval through a postal ballot for a 10:1 share consolidation, which would change the face value of its equity shares from Rs. 1 to Rs. 10 each.

Key Details of the Proposed Share Consolidation

• Consolidation Ratio: 10 existing equity shares of Rs. 1 face value to be consolidated into 1 new equity share of Rs. 10 face value
• Voting Period: November 13, 2025 to December 12, 2025
• Cut-off Date for Eligible Shareholders: November 7, 2025
• Result Announcement: By December 16, 2025

Rationale Behind the Move

The Board of Directors believes that a higher face value of Rs. 10 could lead to:

• Better valuation perception
• Enhanced impression of stock worthiness
• Rebuilding of investor confidence

Impact on Share Capital Structure

The proposed consolidation would affect the company's share capital as follows:

Handling of Fractional Shares

To address fractional shares resulting from the consolidation:

• Fractional shares will be aggregated into whole equity shares
• These will be held by a trustee or escrow agent
• The consolidated fractional shares will be sold on the stock exchange
• Proceeds will be distributed to affected shareholders

Required Approvals

The share consolidation requires:

1. Special resolution approval from shareholders
2. Alteration of the capital clause in the Memorandum and Articles of Association

Voting Process

Shareholders can vote through remote e-voting only, facilitated by the Central Depository Services (India) Limited (CDSL) platform.

Caspian Corporate Services emphasized that this move is aimed at improving the stock's market perception without changing the company's underlying fundamentals. Shareholders are advised to carefully consider the proposal and cast their votes accordingly.

The outcome of this postal ballot could significantly impact the company's share structure and potentially its market dynamics. Investors and market participants will be closely watching the results, expected to be announced by mid-December 2025.

Caspian Corporate Services Limited has announced a significant corporate action, proposing a share consolidation plan alongside the initiation of a postal ballot process for shareholder approval. The move, aimed at enhancing the company's stock perception, comes with a detailed timeline for implementation.

Share Consolidation Details

The Board of Directors of Caspian Corporate Services Limited has approved a share consolidation plan with the following key points:

The company states that this consolidation is intended to "represent better valuation perception and create an impression of worthiness of the stock." This move could potentially impact how the stock is perceived in the market, although it's important to note that the fundamental value of an investor's holding remains unchanged in a share consolidation.

Postal Ballot Process

To seek shareholder approval for this significant change, the company has also set in motion a postal ballot process:

The Board has appointed M/s. Mukesh J Associates as the scrutinizer to oversee the postal ballot process, ensuring transparency and adherence to regulatory requirements.

This corporate action by Caspian Corporate Services Limited represents a strategic move that may affect the trading dynamics of its stock. Shareholders and potential investors should closely monitor the outcome of the postal ballot, as it will determine the implementation of this share consolidation plan.

It's crucial for stakeholders to understand that while share consolidation changes the number of outstanding shares and their face value, it does not inherently change the company's overall market capitalization or an individual investor's proportional ownership in the company.