Silver Touch Technologies Limited announced a significant corporate action following its Board Meeting held on January 16, 2026. The Board has approved a stock split, subdividing each equity share of face value ₹10 into five equity shares of face value ₹2. This move is intended to enhance liquidity and public participation. Concurrently, the company will undertake an alteration of its Memorandum of Association to reflect the sub-division and an increase in its authorized share capital. The authorized share capital will be reclassified to ₹16,00,00,000 (₹16 Crore) divided into 8,00,00,000 equity shares of ₹2 each, and subsequently increased by creating additional equity shares aggregating to ₹30,00,00,000 (₹30 Crore), comprising 15,00,00,000 equity shares of ₹2 each. This increase is subject to shareholder and statutory approvals. Furthermore, the Board has recommended a bonus issue of equity shares in the ratio of 1:1, meaning one bonus equity share of ₹2 face value for every one equity share of ₹2 held. This bonus issue will be funded from the company's free reserves, which stood at ₹118.12 Crore as of March 31, 2025. The total free reserves required for the bonus issue amount to ₹12.68 Crore. The company expects to complete these corporate actions, including the stock split and bonus issue, on or before March 15, 2026, subject to necessary approvals. The Board also approved the notice for a postal ballot to seek shareholder approval and appointed M/s. Sandip Sheth & Associates as the scrutinizer for the postal ballot and e-voting process. The Board meeting commenced at 1:00 PM IST and concluded at 2:15 PM IST.
