JSW Dulux Limited’s Board of Directors has approved a proposal to sub-divide its existing equity shares. Each share with a face value of ₹10 will be split into 10 shares of ₹1 each. This move, subject to shareholder approval, aims to make share ownership more accessible and enhance liquidity.
JSW Dulux Approves Equity Share Sub-division
The Board of Directors of JSW Dulux Limited, formerly Akzo Nobel India Limited, has given its approval for a significant change in the company’s share structure. At a meeting held on August 11, 2026, the board resolved to proceed with a sub-division of the company’s equity shares.
Details of the Share Split
The proposed sub-division involves splitting each existing equity share with a face value of ₹10 (Rupees Ten only) fully paid-up, into 10 (Ten) equity shares, each with a face value of Re. 1/- (Rupee One only) and fully paid-up. This corporate action is subject to the necessary approval from the company’s shareholders, which will be sought through a postal ballot process, and any other regulatory or statutory approvals that may be required under applicable laws.
Rationale Behind the Split
Commenting on the proposal, Parth Jindal, Chairman, JSW Dulux Ltd., stated, “The approved stock split underscores our commitment to making share ownership more accessible to a wider investor community. While the split does not change the Company’s intrinsic value, we believe it will enhance liquidity and broaden equity participation. We remain steadfast in our focus on creating sustainable value for all shareholders.”
Associated Approvals
In conjunction with the share sub-division, the Board also approved the alteration of the relevant clauses of the Memorandum and Articles of Association of the Company. This alteration is necessary to reflect the proposed sub-division and is also subject to shareholder approval as per the Companies Act, 2013, read with the Listing Regulations.
Unaudited Financial Results
In addition to the share split proposal, the Board also approved the unaudited Standalone & Consolidated Financial Results of the Company for the quarter ended June 30, 2026. Copies of these results and the Auditor’s Limited Review Report were enclosed with the announcement.
Source: BSE
