Pavna Industries Ltd has approved a stock split in the ratio of 1:10. The decision was taken at the board meeting held on July 2, 2025. Each equity share with a face value of ₹10 will be subdivided into 10 equity shares of ₹1 each. This is the company’s first stock split.
Post-split, the number of equity shares will increase from 1,39,53,000 to 13,95,30,000, as per exchange filings. The paid-up capital remains unchanged at ₹13.95 crore. The authorised capital stays at ₹30 crore. The company has yet to announce the record date.
The stock split is expected to be completed within 3 months of the date of shareholder approval. Approval will be sought through a postal ballot. The record date will be communicated later, and shareholders on record as of that date will be eligible.
The company stated that the proposal aligns with Regulation 30 of SEBI’s LODR Regulations, 2015. Disclosures were made as per the SEBI Master Circular dated November 11, 2024. Amendments to the Memorandum of Association will reflect the updated share structure.
M/s Suri & Sudhir were appointed as internal auditors for FY2025-26. The company also approved a new office near Manglayatan Mandir, Sasni, Hathras, to maintain the books of accounts. Mr. Shantanu Jain was appointed as the scrutiniser for the postal ballot.
Read more: MRF Finalised July 18 as Record Date for ₹229 Final Dividend!
As of 10:58 AM on July 3, 2025, Pavna Industries share price was at ₹432.30, a 3.64% increase.. The stock has declined 20.68% over the last 12 months and 15.80% year-to-date. It has risen 4.05% in the last month.
Pavna Industries Ltd, listed on NSE and BSE, manufactures automotive components for OEMs and the aftermarket. Headquartered in Aligarh, the company signed an agreement with Ola Electric in 2024 to supply parts for the EV segment.
The stock split will increase the number of outstanding shares without changing the company’s capital. Shareholder approval and record date announcement are pending.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 3, 2025, 11:41 AM IST
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