Caspian Corporate Services Limited has set December 29, 2025, as the record date for its approved 10:1 share consolidation following successful completion of the postal ballot process. The company's Board of Directors made this announcement in a meeting held on December 16, 2025, marking a significant milestone in the corporate restructuring initiative.

Board Meeting Outcomes

The Board of Directors convened on Tuesday, December 16, 2025, from 11:30 AM to 12:05 PM to formalize the implementation timeline for the share consolidation. The meeting addressed the fixation of the record date following the completion of the postal ballot process on December 12, 2025.

Share Consolidation Details

The approved consolidation will transform the company's equity structure significantly. Under this scheme, every 10 fully paid-up equity shares with a face value of Rs. 1 each will be consolidated into 1 fully paid-up equity share with a face value of Rs. 10 each.

Postal Ballot Process Completion

The company successfully completed its postal ballot process with the last date for receipt of votes being December 12, 2025. Shareholders approved the special resolution for share consolidation through remote e-voting, enabling the Board to proceed with the implementation timeline.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited about the Board meeting outcomes and record date fixation.

Implementation Timeline

With the record date now fixed for December 29, 2025, eligible shareholders as of this date will be entitled to participate in the share consolidation. The company had previously outlined that this move aims to improve stock perception and enhance investor confidence through a higher face value structure.

The successful completion of the postal ballot and subsequent record date fixation represents the final steps in Caspian Corporate Services' strategic initiative to restructure its share capital and potentially improve market perception of its equity shares.

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.