Now Reading: Varvee Global shareholders approve ₹5-to-₹2 share split
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Varvee Global shareholders approve ₹5-to-₹2 share split
The Story in Brief
Varvee Global shareholders have approved the sub-division of equity shares from a face value of ₹5 to ₹2 each, with 99.95% of valid votes in favour. The postal ballot concluded on 30 October 2026. The record date for determining entitlement to the split is 27 November 2026.
The company's authorised capital remains at ₹50 crore, now comprising 17.50 crore equity shares of ₹2 each and 1.50 crore cumulative redeemable non-convertible preference shares of ₹10 each. Voting was conducted through remote e-via NSDL, and the scrutinizer's report confirmed the resolutions passed with the requisite majority.
The company informed BSE and NSE of the record date under SEBI regulations. No book closure period applies for the action.
Indian Opinion Analysis
The near-unanimous approval of the share split boosts the number of equity shares from a smaller face value, potentially improving liquidity and making the stock more accessible to retail investors. Varvee Global's Q2FY27 net profit fell 33.5% year-on-year to ₹678.91 lakh, and revenue contracted 29.5%. The split does not change the company's authorised capital of ₹50 crore, but it adjusts the equity and preference share composition. The record date of 27 November 2026 will determine which shareholders receive the split shares.
Source: scanx.trade
This brief was synthesised by AI from the source linked above. Methodology and corrections.
