Manbro Industries Ltd shareholders have approved a 1:10 stock split at an Extra-Ordinary General Meeting held on March 9, 2026. The subdivision will convert existing equity shares from ₹10 face value to Re.1 face value, maintaining total capital at ₹20,25,00,000 authorized and ₹5,80,10,500 paid-up. The company aims to enhance liquidity and make shares more accessible to retail investors, with completion expected within two months subject to regulatory approvals.

Manbro Industries Shareholders Approve 1:10 Stock Split to Enhance Liquidity

Manbro Industries Ltd Shareholders Approve 1:10 Stock Split

Manbro Industries Ltd has announced that its shareholders have voted in favor of a 1:10 stock split at an Extra-Ordinary General Meeting held on March 9, 2026.

The subdivision will convert each existing equity share into ten new shares, effectively doubling the number of outstanding shares.

This move is expected to make the company's stock more accessible to a wider range of investors and increase liquidity in the market.

Key Highlights:

Shareholder Approval: The 1:10 stock split was approved through an ordinary resolution at the Extra-Ordinary General Meeting.
Subdivision Details: Each existing equity share will be converted into ten new shares, resulting in a doubling of outstanding shares.
Market Impact: The stock split is expected to increase liquidity and make the company's stock more accessible to a wider range of investors.

Manbro Industries Ltd will issue a formal notice to its shareholders in due course, outlining the next steps and implementation details of the stock split.