V2 Retail Limited’s Board of Directors has approved a stock split, dividing each share with a face value of ₹10 into ten shares with a face value of ₹1. Additionally, they approved the alteration of the company’s Memorandum of Association to reflect the change in authorized share capital, now totaling ₹45,84,00,000. The split aims to enhance liquidity and attract retail investors. The changes are pending member and statutory approvals.
Stock Split Details
The Board of Directors has approved the sub-division of the company’s equity shares. Each equity share with a face value of ₹10 will be split into ten equity shares, each with a face value of ₹1. The record date for determining eligible shareholders will be announced later. The board meeting where this was approved occurred on February 3, 2026.
Authorized Share Capital Adjustment
Consequent to the stock split, the Board also approved alterations to the Memorandum of Association. The authorized share capital of the company now stands at ₹45,84,00,000, divided into 45,84,00,000 equity shares with a face value of ₹1 each. This is subject to the approval of the members and applicable statutory authorities.
Rationale for the Split
The stock split is designed to improve the liquidity of the company’s equity shares and make them more affordable for retail investors, increasing shareholder participation. Completion is expected within two months from the date of member approval.
Source: BSE
