Chandrima Mercantiles Limited has announced a significant corporate action that will impact its shareholding structure. The company has set August 20, 2025, as the record date for an upcoming stock split, as communicated to the BSE Limited.

Stock Split Details

The board of directors has approved a sub-division of the company's equity shares in a 1:10 ratio. Under this split:

• Each existing equity share with a face value of Rs. 10.00 will be subdivided into 10 shares.
• The new shares will have a face value of Re. 1.00 each.

This move is expected to increase the number of outstanding shares while proportionately decreasing the share price, potentially improving liquidity and making the stock more accessible to a broader range of investors.

Record Date Significance

The record date of August 20, 2025, is crucial for shareholders as it will determine their eligibility for the stock split. Shareholders who own Chandrima Mercantiles shares at the close of business on this date will be entitled to receive the additional shares resulting from the split.

Official Communication

In an official letter to the BSE dated August 12, 2025, Chandrima Mercantiles Limited stated:

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company has fixed Wednesday, 20th August, 2025 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division/ Split of 1 (One) Equity Share of the Company having face value of Rs. 10.00/- (Rupees Ten Only) each into 10 (Ten) Equity Shares having face value of Re. 1.00/- (Rupee One Only) each."

The communication was signed by Dinesh Hareshbhai Gohel, the Managing Director of Chandrima Mercantiles Limited.

Implications for Investors

While a stock split does not inherently change the overall value of a shareholder's holdings, it can have several potential benefits:

1. Increased liquidity: More shares in circulation may lead to higher trading volumes.
2. Broader investor base: A lower per-share price might attract smaller investors.
3. Psychological impact: Some investors perceive lower-priced shares as more attainable.

Investors and market participants are advised to take note of this corporate action and its potential impact on their portfolios. As always, it's recommended to consult with financial advisors for personalized investment decisions.

Chandrima Mercantiles Limited (CIN: L51909GJ1982PLC086535) is headquartered at F-806, Titanium City Center, Anandnagar Road, Satellite, Jodhpur Char Rasta, Ahmedabad, Gujarat, India – 380 015. Interested parties can find more information on the company's website at www.chandrimamercantiles.co.in .

Chandrima Mercantiles Limited held a pivotal Extraordinary General Meeting (EGM) on July 26, 2025, where shareholders approved five significant resolutions that could shape the company's future direction. The meeting, conducted through video conferencing, saw active participation from public shareholders, with a notable 62.39% voting turnout.

Key Resolutions Passed

1. New Managing Director Appointed: Mr. Dinesh Hareshbhai Gohel (DIN: 11061856) was appointed as the Managing Director of the company. This appointment received unanimous approval from the voting shareholders.

2. Change in Director Designation: The shareholders approved the change in designation of Mr. Pranav Kamleshkumar Trivedi (DIN: 09218324) from Executive Director to Non-executive and Non-Independent Director & Chairman of the Company.

3. Adoption of New Memorandum of Association: A special resolution was passed to adopt a new set of Memorandum of Association (MOA) for the company, indicating potential changes in the company's objectives or structure.

4. Equity Share Sub-division: An ordinary resolution for the sub-division of equity shares was approved. This move could potentially increase the liquidity of the company's shares in the market.

5. Alteration of Capital Clause: The shareholders gave their nod to alter Clause V (Capital Clause) of the Memorandum of Association, likely to reflect the changes resulting from the equity share sub-division.

Voting Highlights

Meeting Details

The EGM was held on July 26, 2025, from 3:10 PM to 3:16 PM through video conferencing. While no promoters or institutional investors attended, 22 public shareholders participated in the meeting. The scrutiny of the voting process was conducted by Jay Pandya of Jay Pandya & Associates, appointed as the scrutinizer for the EGM.

This EGM marks a significant step for Chandrima Mercantiles Limited, with the approved resolutions potentially setting the stage for strategic changes in the company's leadership and capital structure. Investors and market watchers will likely keep a close eye on how these changes unfold and impact the company's future operations and market position.