Regis Industries Limited has announced a significant corporate action that aims to enhance investor participation and improve stock liquidity. The company has set January 16, 2025, as the record date for a 1:10 stock split, which will subdivide its equity shares from a face value of Rs. 10 to Rs. 1 each.

Stock Split Details

The stock split, which received shareholder approval through a postal ballot on December 23, 2024, will result in each existing share being split into 10 new shares. This move is expected to make the stock more accessible to a broader range of investors by reducing the per-share price without affecting the company's market capitalization.

Changes in Share Structure

Following the split, Regis Industries' authorized share capital will undergo a structural change:

It's important to note that while the number of shares will increase, the total paid-up capital of the company will remain unchanged.

Impact on Shareholders

The stock split will affect shareholders in the following ways:

• Physical Share Certificates: Existing certificates will be automatically cancelled on the record date, and new certificates will be issued to reflect the split.
• Dematerialized Shares: Shareholders holding shares in electronic form will have their respective beneficiary accounts credited with the additional shares resulting from the split.

Management's Perspective

The Board of Directors recommended this subdivision with the strategic intent of increasing investor participation and enhancing the liquidity of the company's shares in the stock market. This move is often seen as a positive signal, as it can potentially make the stock more attractive to retail investors.

Key Dates to Remember

• Record Date: January 16, 2025
• Shareholder Approval Date: December 23, 2024 (via postal ballot)

Investors and stakeholders of Regis Industries Limited should take note of these important dates and the impending changes to their shareholdings. As always, it is advisable for investors to consult with their financial advisors regarding the implications of this corporate action on their investment portfolios.

Regis Industries Limited (formerly known as Bhartia Bachat Limited) has announced a significant corporate action through a postal ballot notice, proposing to reward its shareholders with bonus shares and increase its authorized share capital.

Bonus Share Issuance

The company's Board of Directors has recommended issuing bonus shares in the ratio of 1:2, meaning shareholders will receive one new equity share for every two existing equity shares held. This move aims to capitalize Rs. 10.00 crore from the company's Share Premium Account as of March 31, 2025.

Increase in Authorized Share Capital

To facilitate the bonus issue, Regis Industries has proposed increasing its authorized share capital from Rs. 20.00 crore to Rs. 26.00 crore. This expansion will be achieved by creating an additional 6 crore equity shares of Rs. 1 each.

Voting Process

Shareholders can vote on these resolutions through remote e-voting, which will be open from July 31 to August 30, 2025. The company has appointed M/s Daksha Negi & Associates as the scrutinizer for the voting process, with the National Securities Depository Limited (NSDL) providing the e-voting facility.

Key Dates

Impact on Share Structure

If approved, the bonus issue will significantly increase the number of outstanding shares, potentially improving liquidity for shareholders. The proposed increase in authorized capital will provide the company with flexibility for future capital raising activities.

Chandrakant Parmar, Wholetime Director of Regis Industries Limited, signed the postal ballot notice, indicating the board's support for these corporate actions. Shareholders are encouraged to review the detailed notice and cast their votes before the deadline.

This move by Regis Industries Limited demonstrates the company's commitment to rewarding its shareholders and preparing for potential future growth opportunities.