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Silver Touch Technologies Announces 1:1 Bonus Issue, 5:1 Stock Split, and Capital Increase
Silver Touch Technologies Limited
January 16, 2026, 09:10 AM
Silver Touch Technologies announced a 5:1 stock split (₹10 to ₹2 face value) and a 1:1 bonus share issue. The company will also increase its authorized capital to ₹46 Crores. These actions are expected to be completed by March 15, 2026, subject to approvals.
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Silver Touch Technologies Limited announced a series of significant corporate actions following a Board Meeting held on January 16, 2026. The company proposed a sub-division of its equity shares, splitting each share with a face value of ₹10 into five shares of ₹2 each. This move aims to enhance liquidity and public participation.
Consequent to the stock split, the Memorandum of Association (MOA) will be altered. The authorized share capital will be reclassified to ₹16,00,00,000 (₹16 Crores) divided into 8,00,00,000 equity shares of ₹2 each. Furthermore, the company plans to increase its authorized share capital by ₹30,00,00,000 (₹30 Crores), creating an additional 15,00,00,000 equity shares of ₹2 each, bringing the total authorized capital to ₹46,00,00,000 (₹46 Crores).
In addition to the split and capital increase, the Board recommended a bonus issue of equity shares in the ratio of 1:1. This means one bonus equity share of ₹2 each will be issued for every one equity share of ₹2 held, subject to shareholder approval. The company has appointed M/s. Sandip Sheth & Associates as the scrutinizer for the postal ballot process.
All these corporate actions, including the stock split and bonus issue, are expected to be completed on or before March 15, 2026, subject to necessary approvals from shareholders and statutory authorities. The Board meeting commenced at 1:00 PM IST and concluded at 2:15 PM IST.
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