Key Decision

Board of Directors approved, subject to shareholder approval, a proposal for sub-division/split of existing equity shares:

  • Current shares: Face value of ₹10 each fully paid-up
  • Post-split shares: Face value of Re. 1 each fully paid-up
  • Split ratio: 1:10 (each ₹10 share subdivided into 10 shares of Re. 1 each)

Rationale for Split

  • Enhance liquidity of company's shares in stock market
  • Make shares more affordable and accessible to wider base of investors
  • Expected to increase trading volumes and broaden shareholder base
  • Does not affect overall capital structure or intrinsic value of company

Share Capital Impact

Authorized Capital (Pre-split):

  • Amount: ₹100,05,00,000 (One Hundred Crore Five Lakhs Only)
  • Shares: 10,00,50,000 (Ten Crore Fifty Lakhs) equity shares of ₹10 each

Authorized Capital (Post-split):

  • Amount: ₹100,05,00,000 (unchanged)
  • Shares: 1,00,05,00,000 (One Hundred Crore Five Lakhs) equity shares of Re. 1 each

Issued, Subscribed and Paid-up Capital (Pre-split):

  • Amount: ₹72,39,45,430 (Seventy Two Crore Thirty Nine Lakhs Forty Five Thousand Four Hundred Thirty)
  • Shares: 7,23,94,543 (Seven Crore Twenty Three Lakhs Ninety Four Thousand Five Hundred Forty Three) equity shares of ₹10 each

Issued, Subscribed and Paid-up Capital (Post-split):

  • Amount: ₹72,39,45,430 (unchanged)
  • Shares: 72,39,45,430 (Seventy Two Crore Thirty Nine Lakhs Forty Five Thousand Four Hundred Thirty) equity shares of Re. 1 each

Memorandum of Association Changes

Board approved alteration of Capital Clause (Clause V) of Memorandum of Association to reflect the new capital structure with shares of Re. 1 face value.

Timeline for Completion

Expected within approximately 3 months from date of receipt of shareholders' approval, subject to necessary regulatory approvals.

Additional Details

  • Only one class of shares exists (Equity Shares)
  • No fractional entitlements expected due to 1:10 split ratio
  • Board meeting duration: 2:00 PM to 2:14 PM (14 minutes)
  • Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Information available on company website: www.cordeliacruises.com