Corporate Action Details

Waterways Leisure Tourism Limited has implemented a 1:10 stock split of its equity shares. Each existing fully paid-up equity share of ₹10 face value has been subdivided into 10 fully paid-up equity shares of ₹1 face value each.

Key Dates

  • Ex-Split Date: August 25, 2026 (shares commenced trading on ex-split basis)
  • Record Date: August 26, 2026 (for determining shareholders entitled to receive subdivided shares)

The Ex-Split Date was advanced by one day due to a Clearing holiday on August 26, 2026.

Capital Structure Impact

  • Pre-split capital: ₹723.95 million paid-up equity capital consisting of 7,23,94,543 equity shares of ₹10 each
  • Post-split capital: ₹723.95 million paid-up equity capital consisting of 72,39,45,430 equity shares of ₹1 each
  • The total paid-up equity capital remains unchanged at ₹723.95 million
  • The total number of equity shares increased from 7,23,94,543 to 72,39,45,430 shares

Stated Rationale

The share sub-division is intended to:

  • Enhance accessibility of the company's equity to a broader investor base
  • Facilitate wider participation in listed shares, particularly among retail investors
  • Support greater participation and liquidity in the secondary market
  • Make the stock more approachable at a lower per-share price point without altering the company's underlying value

Management Commentary

Jurgen Bailom, Chairman of the Board, Executive Director and CEO, stated: "The 1:10 share sub-division is designed to make Waterways Leisure Tourism's equity more accessible by bringing down the face value per share from ₹10 to ₹1, thereby enabling participation at a lower per-share price point. We believe this will make the stock more approachable for a wider investor base, particularly retail investors, while supporting greater participation and liquidity in the market. Importantly, the sub-division does not alter the Company's underlying value or paid-up capital, but improves the accessibility of our equity as we continue to execute our growth plans."

Company Background

Waterways Leisure Tourism Limited operates Cordelia Cruises, India's leading cruise company offering cruise holidays across domestic and international destinations. The company has served over 7.8 lakh guests since commencing operations.