V2 Retail Limited has announced the official Record Date for the forthcoming corporate action involving the sub-division of its equity shares. The Board has fixed Thursday, March 26, 2026, for determining member eligibility. This action will execute a 10:1 split, where every existing equity share with a face value of Rs. 10/- will be subdivided into 10 fully paid-up shares, each having a new face value of Rs. 1/-.
Confirmation of Corporate Action Date
V2 Retail Limited has formally communicated the date for the eligibility determination concerning its approved equity share sub-division. Following the shareholder approval via postal ballot on March 08, 2026, the Company has fixed Thursday, March 26, 2026, as the official “Record Date” for this corporate event.
Details of the Equity Share Split
The primary purpose of setting this Record Date is to facilitate the Sub-division/Split of face value of Equity Shares. The specific corporate action details are as follows:
- Ratio: 10:1 sub-division.
- Old Face Value: Existing 1 (One) equity share had a face value of Rs. 10/- (Rupees Ten only).
- New Face Value: This single share will be subdivided into 10 (Ten) equity shares, each having a face value of Rs. 1/- (Rupees One only).
- Status: The resulting shares will be fully paid-up.
This structural change in the equity base is being executed to enhance liquidity and potentially make the shares more accessible to a broader investor base.
Source: BSE
