On January 16, 2026, Silver Touch Technologies Limited held a board meeting where key decisions were made to enhance shareholder value. The company announced a share split and a bonus issue, subject to shareholder approval through a postal ballot.
The board approved the sub-division of equity shares, reducing the face value from ₹10 to ₹2. This means each existing share will be split into 5 shares, increasing the number of shares held by shareholders. The authorised share capital will be reclassified to ₹16,00,00,000, divided into 8,00,00,000 shares of ₹2 each.
In addition to the share split, the board decided to increase the authorised share capital from ₹16,00,00,000 to ₹30,00,00,000. This will be achieved by creating an additional 15,00,00,000 equity shares of ₹2 each. This move is aimed at accommodating future growth and corporate actions.
Silver Touch Technologies also announced a bonus issue in the ratio of 1:1. Shareholders will receive 1 bonus share for every 1 share held. This will be funded from the company’s free reserves, which stood at ₹118.12 crore as of March 31, 2025. The bonus shares are expected to be credited by March 15, 2026.
Read More: TCS Interim and Special Dividend Record Date Tomorrow, Jan 17, 2026!
The board has approved the notice of postal ballot to seek shareholder approval for these actions. M/s. Sandip Sheth & Associates has been appointed as the scrutiniser for the postal ballot and e-voting process. The board meeting commenced at 1:00 PM and concluded at 2:15 PM.
As of January 16, 2026, at 3:30 PM, Silver Touch Technologies share price on NSE was closed at ₹1,602.60 up by 4.79% from the previous closing price.
Silver Touch Technologies' decisions to split shares and issue bonus shares are strategic moves to enhance liquidity and shareholder value. These actions reflect the company's commitment to its shareholders and its growth strategy.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 17, 2026, 9:23 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN