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Silver Touch Technologies Approves 1:5 Stock Split and 1:1 Bonus Issue
Silver Touch Technologies Limited
January 16, 2026, 09:09 AM
Silver Touch Technologies approved a 1:5 stock split (₹10 to ₹2 face value) and a 1:1 bonus issue of equity shares. The company will also increase its authorized share capital. These actions aim to boost liquidity and shareholder participation. Completion is expected by March 15, 2026.
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Silver Touch Technologies Limited announced the outcome of its Board Meeting held on January 16, 2026. The Board has approved a sub-division of equity shares from a face value of ₹10 each to ₹2 each, effectively a 1:5 stock split. This corporate action is intended to enhance the liquidity of the company's equity shares and encourage greater participation from public shareholders. The company will also alter its Memorandum of Association to reflect this change, adjusting the authorized share capital to ₹16,00,00,000 divided into 8,00,00,000 equity shares of ₹2 each.
Furthermore, the Board has approved an increase in the authorized share capital from ₹16,00,00,000 to ₹30,00,00,000, comprising 15,00,00,000 equity shares of ₹2 each. In addition, the company will issue bonus equity shares in a 1:1 ratio, meaning one bonus share of ₹2 for every one equity share of ₹2 held. This bonus issue will be funded from the company's free reserves, with ₹12.68 Crore required for implementation, and available free reserves of ₹118.12 Crore as of March 31, 2025.
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 from shareholders and statutory authorities. The company has also appointed M/s. Sandip Sheth & Associates as the scrutinizer for the postal ballot and e-voting process.
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