Bluegod Entertainment To Do Stock Split in 1:10 Ratio
By Ankur Chandra | Published at: Jul 16, 2025 04:31 PM IST
Indore, July 16, 2025 – Bluegod Entertainment Ltd (BSE: 539175) has announced a stock split in a 1:10 ratio, reducing the face value of each equity share from ₹10 to ₹1, aimed at increasing liquidity and boosting retail investor participation.
Board Approval Highlights
At its meeting held on Wednesday, July 16, 2025, the company’s board approved the following key resolutions:
- Stock Split: Each fully paid-up equity share of ₹10 will be subdivided into 10 equity shares of ₹1 each, subject to shareholder approval.
- Memorandum Amendment: Clause V of the Memorandum of Association will be altered to reflect the new share structure.
- Postal Ballot: Approval will be sought through a postal ballot, with dispatch of notice and event calendar to follow.
The meeting commenced at 1:00 PM IST and concluded at 1:30 PM IST.
Capital Structure Before and After Split
| Particulars | Pre-Split | Post-Split |
|---|---|---|
| Authorized Share Capital | ₹56,00,00,000 (5.6 Cr shares of ₹10) | ₹56,00,00,000 (56 Cr shares of ₹1) |
| Subscribed & Paid-up Capital | ₹55,05,50,950 (5,50,55,095 shares of ₹10) | ₹55,05,50,950 (55,05,50,950 shares of ₹1) |
Split Ratio and Rationale
| Item | Details |
|---|---|
| Split Ratio | 1 share of ₹10 split into 10 shares of ₹1 |
| Class of Shares Affected | Equity Shares |
| Rationale | Improve liquidity and affordability for investors |
| Expected Completion | Within 2 months post shareholder approval |
No shareholders are expected to lose their entitlement due to rounding off, and the record date will be announced after obtaining necessary approvals.
Bluegod Entertainment Stock Performance
Bluegod Entertainment shares closed at ₹18.88, representing a 2% gain on July 16, 2025. Bluegod Entertainment shares have gained 24% in the last year, 121% in the year-to-date, and 50.44% in the previous month.
About Bluegod Entertainment
Bluegod Entertainment Ltd (formerly Indra Industries Ltd), listed on BSE, is engaged in entertainment and media ventures. The company has its registered office in Indore, Madhya Pradesh, and continues to explore strategic restructuring and investor-focused initiatives.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f454ce63-d0a4-4820-a872-efe916851a67.pdf
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