Synthiko Foils Limited Announces Share Consolidation with October 17, 2025 Record Date

Synthiko Foils Limited has announced a significant corporate action that will affect its shareholding structure. The company has set October 17, 2025, as the record date for consolidating its equity shares, a move that will impact all existing shareholders.

Share Consolidation Details

The share consolidation, also known as a reverse stock split, will involve the following changes:

This means that for every two shares of Rs. 5.00 face value that a shareholder currently owns, they will receive one share of Rs. 10.00 face value after the consolidation.

Record Date and Eligibility

The record date of October 17, 2025, will determine shareholder eligibility for receiving the consolidated shares. Shareholders who own Synthiko Foils Limited shares at the close of business on this date will be eligible for the share consolidation process.

Purpose and Implications

While the company has not explicitly stated the reasons for this consolidation in the available information, share consolidations are typically undertaken for various strategic purposes, which may include:

1. Increasing the per-share price, which can sometimes improve the stock's marketability and perception.
2. Reducing administrative costs associated with a larger number of outstanding shares.
3. Potentially meeting stock exchange listing requirements related to minimum share prices.

It's important to note that this consolidation does not directly affect the company's market capitalization, as the reduction in the number of shares is offset by the increase in the per-share price.

Regulatory Compliance

Synthiko Foils Limited has made this announcement in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited about this corporate action.

Management Statement

The announcement was signed by Abhishek Narbaria, the Managing Director of Synthiko Foils Limited, underscoring the official nature of this corporate action.

Shareholders and potential investors should take note of this important change in the company's share structure. It is advisable to consult with financial advisors or the company's investor relations department for any queries regarding the impact of this share consolidation on individual shareholdings.