Caspian Corporate Services has set important dates for its upcoming share consolidation, with Friday, December 26 marking the final opportunity for investors to purchase shares and qualify for the corporate action. The penny stock will begin trading ex-consolidation on Monday, December 29, according to the company's regulatory filing.

Share Consolidation Details

The company has established December 29, 2025 as the record date for determining shareholder eligibility for the consolidation exercise. The corporate action involves a significant restructuring of the share capital structure.

The consolidation will convert 10 equity shares of ₹1.00 each into 1 equity share of ₹10.00 each, effectively reversing the company's previous stock split undertaken in 2013.

Regulatory Compliance

In its notice to the exchange, the company stated: "Pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, we hereby inform you that the company has fixed Monday, December 29, 2025, as the record date for the purpose of determining the names of the shareholders who would be entitled to receive equity shares in the proportion of 1 equity share of ₹10.00 each in lieu of 10 equity shares of ₹1.00 each."

This consolidation represents a reversal of the company's 2013 corporate action, when Caspian Corporate Services altered the face value of its equity shares from ₹10.00 to ₹1.00 through a stock split.

Company Background

Caspian Corporate Services was incorporated in 2011 and operates in the advisory and consultancy services sector. The company underwent a name change from Intellivate Capital Advisors to Caspian Corporate Services following a change in management and control, which was approved through a special resolution.

Recent Trading Performance

On Wednesday, shares of Caspian Corporate Services closed at ₹7.86 on the BSE, locked at the 5% upper circuit limit, indicating strong investor interest ahead of the consolidation announcement.

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.