Overview
- The proposal now awaits endorsement at a shareholder meeting after which the record date for entitlement will be announced.
- This marks the first corporate action in the company’s history, signaling a new phase in its equity structuring.
- The subdivision increases outstanding shares fivefold without impacting overall market capitalization.
- Promoters hold nearly 75% of equity, while foreign portfolio investors and retail investors own roughly 12.5% and 4.8% respectively.
- The split follows a Q1 FY26 performance that saw net profit decline by 15.5% and revenue dip by around 6%, alongside over $500 million in payments from Bangladesh.