Pavna Industries Announces 1:10 Stock Split, Awaits Shareholder Approval via Postal Ballot
By Shishta Dutta | Updated at: Oct 15, 2025 06:28 PM IST
Aligarh, July 2, 2025 — Pavna Industries Ltd (NSE: PAVNAIND, BSE: 543915) has announced a 1:10 stock split to enhance liquidity and improve affordability for retail investors. The decision was approved in today’s board meeting held from 4:00 p.m. to 4:30 p.m.
Key Corporate Action Highlights
Share Split Details
| Particulars | Pre-Split | Post-Split |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| No. of Equity Shares | 1,39,53,000 | 13,95,30,000 |
| Paid-up Capital | ₹13.95 crore | ₹13.95 crore |
| Authorised Capital | ₹30 crore | ₹30 crore |
The share split will be subject to shareholder approval via postal ballot, and the record date for the split will be announced in due course.
Action Table
The company has proposed a stock split in the ratio of 1:10. This move applies to the equity share class and is aimed at enhancing affordability, boosting liquidity, and encouraging greater retail participation in the company’s stock. The stock split is expected to be completed within three months from the date of receiving shareholder approval.
| Action | Details |
|---|---|
| Split Ratio | 1:10 |
| Class of Shares | Equity Shares |
| Rationale | Increase affordability, liquidity, and retail participation |
| Expected Completion | Within 3 months post member approval |
Regulatory Alignment
The move aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015, and relevant disclosures have been submitted in accordance with the SEBI Master Circular dated November 11, 2024.
Additional Board Approvals
- Amendment of Capital Clause (Clause V) of the Memorandum of Association: Post-split, the clause will reflect 30 crore equity shares of face value ₹1 each.
- Postal Ballot Initiation: To seek shareholder approval for the split and MoA amendment.
- Internal Auditor Appointment: M/s Suri & Sudhir, Chartered Accountants (FRN: 000601N) appointed for FY2025–26.
- New Corporate Office: Books of accounts will also be maintained at a newly approved business location near Manglayatan Mandir, Sasni, Hathras.
- Scrutinizer Appointed: Mr. Shantanu Jain (Enrolment No. D/2803/2022) to oversee the postal ballot process.
Pavna Industries Stock Performance
Pavna Industries shares closed at ₹415, representing a 0.62% decline from the previous close. Pavna Industries shares have declined 20% over the last year, 13.30% year-to-date, and gained 4.05% in the previous month.
About Pavna Industries
Pavna Industries Ltd., listed on the NSE and BSE, is a prominent player in the manufacturing of automotive components. Headquartered in Aligarh, the company serves both OEMs and the aftermarket, with a growing national footprint and a focus on innovation-led mobility solutions.
REF: https://nsearchives.nseindia.com/corporate/PAVNA_02072025164824_OutcomeofBM02072025DSC.pdf
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