1. Stock Sub-division/Split

The Board approved the sub-division of each existing equity share with a face value of Rs. 10 (fully paid-up) into 5 equity shares with a face value of Rs. 2 each (fully paid-up). The new shares will rank pari passu with each other in all respects.

Rationale: The split is intended to make the company's equity shares more affordable and improve their liquidity, thereby encouraging broader participation by investors, particularly retail and individual investors.

Capital Structure Impact:

  • Authorized Share Capital: Remains unchanged at Rs. 60,00,00,000. Pre-split, this was represented by 6,00,00,000 shares of Rs. 10 each. Post-split, it will be represented by 30,00,00,000 shares of Rs. 2 each.
  • Issued, Subscribed and Paid-up Share Capital: Remains unchanged at Rs. 47,52,80,610. Pre-split, this was represented by 4,75,28,061 shares of Rs. 10 each. Post-split, it will be represented by 23,76,40,305 shares of Rs. 2 each.

The company has only one class of equity shares. The proposal is subject to approval from the shareholders of the company and other requisite approvals. The expected time of completion is within the prescribed timelines specified for such matters.

2. Amendment to Memorandum of Association (MOA)

The Board approved the alteration of the Object Clause of the MOA by way of addition of new Object Clauses. This is also subject to the approval of the members of the company and such other regulatory approvals as may be required.

The amendments involve adding several new business objects to be carried out directly or through subsidiaries, JVs, or affiliates in India or abroad:

  • Information Technology & Digital Services: To carry on the business of IT solutions, ITES, software products, digital platforms, AI, machine learning, data analytics, cloud computing, data centres, e-commerce, and technology consulting.
  • Business Facilitation & Advisory: To act as brokers, intermediaries, facilitators, and consultants for sourcing, structuring, and executing business opportunities, commercial transactions, contracts, and investments for various entities.
  • Retail & Commercial Establishments: To establish and operate retail stores, experience centres, online marketplaces, and distribution channels for trading, merchandising, and sale of various products and services, including commercial and residential interior solutions.
  • Logistics & Supply Chain: To carry on the business of transportation, logistics, freight forwarding, warehousing, supply chain management, and to establish and maintain logistics infrastructure like warehouses and fulfilment centres.

This approval follows a previous increase in the company's authorized share capital from Rs. 40,00,00,000 to Rs. 60,00,00,000, which was approved by shareholders in an Extraordinary General Meeting held on November 5, 2025.