Trading Symbol

STYLAMIND

Key Proposals

Item No. 1: Stock Split Approval

  • Resolution Type: Ordinary Resolution
  • Proposal: Sub-division/split of equity shares from face value of ₹5 to ₹1 per share
  • Ratio: 1 existing share of ₹5 face value to be subdivided into 5 shares of ₹1 face value each
  • Status: Shares will remain fully paid-up and rank pari passu with existing shares
  • Effective Date: To be determined by Board of Directors (Record Date)
  • Regulatory References: Sections 61(1)(d), 64 of Companies Act, 2013; SEBI Listing Regulations

Item No. 2: Memorandum of Association Alteration

  • Resolution Type: Ordinary Resolution
  • Proposal: Alteration of Capital Clause (Clause V) of Memorandum of Association
  • Current Authorized Capital: ₹9,70,40,000 divided into 1,94,08,000 equity shares of ₹5 each
  • Proposed Authorized Capital: ₹9,70,40,000 divided into 9,70,40,000 equity shares of ₹1 each
  • Regulatory References: Sections 13, 61 of Companies Act, 2013

Capital Structure Impact

Pre-Subdivision Capital Structure:

  • Authorized Share Capital: 1,94,08,000 shares × ₹5 = ₹9,70,40,000
  • Issued, Subscribed and Paid-up Capital: 1,69,48,060 shares × ₹5 = ₹8,47,40,300

Post-Subdivision Capital Structure:

  • Authorized Share Capital: 9,70,40,000 shares × ₹1 = ₹9,70,40,000 (no change in value)
  • Issued, Subscribed and Paid-up Capital: 8,47,40,300 shares × ₹1 = ₹8,47,40,300 (no change in value)

Note: The subdivision does not constitute a reduction in share capital and maintains the same aggregate capital value.

Voting Process Details

Timeline:

  • Cut-off Date: November 06, 2026 (for determining voting eligibility)
  • Notice Dispatch: November 12, 2026 (electronic mode only)
  • Remote E-Voting Period: November 14, 2026 (9:00 AM IST) to December 13, 2026 (5:00 PM IST)
  • Results Declaration: On or before December 15, 2026

Voting Methodology:

  • Exclusive Method: Remote e-voting only (no physical ballot forms)
  • Service Provider: MUFG Intime India Private Limited (InstaVOTE)
  • Scrutinizer: Mr. Sanjiv Kumar Goel, Practicing Company Secretary (FCS:2107, CP No: 1248)

Voting Rights:

  • One vote per equity share held as of November 06, 2026 cut-off date
  • Joint holders: Only the first-named holder can vote
  • Corporate/institutional members must submit board resolutions authorizing representatives

Rationale and Purpose

The Board of Directors recommends the stock split to facilitate larger participation of retail investors and small potential investors in the company's future, given the significant improvement in the market price of the company's securities over time.

Document Availability

The complete notice and explanatory statement are available on:

  • Company website: www.stylam.com
  • BSE website: www.bseindia.com
  • NSE website: www.nseindia.com

Additional Information

  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • Company Secretary & Compliance Officer: Dhiraj Kheriwal

Financial Impact

No change in aggregate share capital value. The subdivision is expected to enhance liquidity and market accessibility for retail investors.