Caspian Corporate Services Unveils Share Consolidation Plan and Initiates Postal Ballot

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:

Aspect	Details
Current Structure	10 equity shares of Re. 1 face value each
Proposed Structure	1 equity share of Rs. 10 face value each
Affected Shares	12.66 crore issued, subscribed, and paid-up shares
Expected Completion	Within 2 months

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:

Process Detail	Date
Voting Method	Remote e-voting
Voting Conclusion	December 12, 2025
Results Declaration	December 16, 2025

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.54%	-0.55%	-6.57%	+0.28%	-39.53%	+577.57%

Caspian Corporate Services Limited (BSE: 534732) has announced the appointment of Naresh Reddy Vattipally as an Executive Director, effective September 20, 2025. The appointment was approved by shareholders at the company's 14th Annual General Meeting (AGM) held on the same date.

New Executive Director Profile

Naresh Reddy Vattipally, 42, brings a wealth of experience to his new role:

Educational Background: Holds a postgraduate degree in MSc Computer and an MBA in Management
Professional Experience: Over 6 years of business experience in integrated services
Areas of Expertise: Housekeeping, security, property management, business support services, and human resource outsourcing

Appointment Details

Designation: Executive Director
Date of Appointment: September 20, 2025
Term: Liable to retire by rotation
Director Identification Number (DIN): 11169531

Corporate Governance

The company has confirmed that Mr. Vattipally is not related to any existing directors of Caspian Corporate Services Limited. Additionally, he is not debarred from holding directorial positions by any SEBI order or other regulatory authority.

Shareholder Approval

The appointment of Naresh Reddy Vattipally was put to vote at the AGM, with the following results:

Vote Type	Number of Votes	Percentage
Votes in Favor	98,087,966	99.99
Votes Against	1,538	0.01

The overwhelming support from shareholders indicates strong confidence in Mr. Vattipally's appointment to the board.

Other AGM Highlights

In addition to Mr. Vattipally's appointment, the AGM addressed several other important matters:

Adoption of Financial Statements: The audited standalone and consolidated financial statements for the year ended March 31, 2025, were approved.
Dividend Declaration: A final dividend of Rs. 0.05 per equity share (5% of face value) was declared for the financial year ended March 31, 2025.
Director Reappointment: Mr. Sampath Rao Nemmani (DIN: 07999868) was reappointed as a director, retiring by rotation.
Secretarial Auditor Appointment: M/s. Shalini Pandey & Associates was appointed as the Secretarial Auditor of the company for a term of five consecutive years from FY 2025-26 to FY 2029-30.
Related Party Transactions: Shareholders approved related party transactions for the company.

The appointment of Naresh Reddy Vattipally as Executive Director is expected to bring fresh perspectives and valuable expertise to Caspian Corporate Services Limited's leadership team.