Manbro Industries Ltd has announced that its shareholders have approved a 1:10 stock split through an ordinary resolution passed at an Extra-Ordinary General Meeting held on March 9, 2026. The subdivision will convert each existing equity share of face value ₹10 into 10 equity shares of face value Re.1 each, fully paid-up. This decision follows the earlier Board Meeting outcome dated February 9, 2026, and includes consequent alteration of the Capital Clause of the Memorandum of Association.

Record Date Announcement

Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the company has fixed Wednesday, March 25, 2026, as the record date for determining members eligible for the sub-division of existing equity shares. This regulatory compliance step follows the shareholder approval and enables the implementation of the approved stock split.

Stock Split Details

The approved subdivision will transform the company's share structure while maintaining the total value of shareholdings. The split aims to enhance liquidity in the stock market, widen the shareholder base, and make shares more affordable and accessible for small investors.

Rationale and Impact

The company stated that the stock split will make shares more affordable and attractive to investors, thereby encouraging greater participation of retail investors. The subdivision will not affect the voting percentage or rights of any shareholders, as the proportional ownership remains unchanged. The proposed subdivision is considered to be in the best interest of the company and its investors.

Regulatory Compliance

The subdivision has been executed pursuant to Section 61(1)(d) of the Companies Act, 2013, and applicable rules. The company expects to complete the process within two months from the date of shareholder approval, subject to any required regulatory or statutory approvals under applicable law. The record date announcement ensures compliance with SEBI Listing Regulations for determining eligible shareholders.

Memorandum Alteration

Shareholders have also approved the alteration of Clause V of the Memorandum of Association. The revised clause states that the authorized share capital of ₹20,25,00,000 will be divided into 20,25,00,000 equity shares of Re.1 each, reflecting the new share structure post-subdivision.

The stock split affects only equity shares, which rank pari-passu, as the company has issued only one class of equity shares. The subdivision maintains the total capital value while increasing share accessibility for retail investors.

Manbro Industries Limited has published its Q3FY26 standalone and consolidated unaudited financial results in newspapers, fulfilling regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company announced the newspaper publication through a formal communication to BSE Limited on February 11, 2026.

Regulatory Compliance and Publication

The company published its financial results for the quarter ended December 31, 2025, in two newspapers as mandated by Regulation 30 and 47 of SEBI LODR Regulations. The results appeared in The Assam Rising (English, Guwahati) and Dainandin Barta (Assamese, Guwahati) on February 11, 2026.

Q3FY26 Financial Performance

The published financial results revealed contrasting performance between standalone and consolidated operations. The standalone business reported challenges with revenue primarily from other income sources, while consolidated operations showed significant operational revenue growth.

Corporate Structure and Leadership

The financial results were signed by Managing Director Dilip Kumar Goenka (DIN: 02557814) and approved by the Board of Directors on February 9, 2026. The company's registered office is located at 6th Floor, Sri Kamakhya Tower, Christian Basti, G S Road, Guwahati-781005, Assam.

Audit and Review Process

The unaudited financial results were reviewed by the Audit Committee and received approval from the Board of Directors. The results were also subject to review by the company's Statutory Auditors pursuant to SEBI LODR Regulations, who issued an unmodified opinion on the financial statements.

The company continues to maintain transparency in its financial reporting while navigating the mixed performance across its standalone and consolidated operations during the current financial year.