AGI Infra Ltd. announced on Monday a split of each fully paid-up equity share having a face value Rs 10 each into two equity shares with a face value of Rs 5, according to an exchange filing.
The sub-division will be subject to the approval of the shareholders through a postal ballot. The record date for the stock split will be decided after a nod from the shareholders, the real-estate firm said.
The decision was taken at a meeting of the board of directors. This is the first time that the company has announced a stock split.
AGI Infra aims to enhance the liquidity of the company's equity shares and encourage participation of retail investors by making the equity shares more affordable, it said.
The authorised share capital will double to 3 crore shares after the sub-division from 1.5 crore shares. The paid-up share capital will also double to 2.44 crore shares after the sub-division from 1.2 crore shares, according to AGI Infra.
The value of the total share capital and paid share capital will remain the same at Rs 15 crore and Rs 12 crore respectively.
As of Sept. 30, the promoter and promoter group held a 72.94% shareholding, out of which 55.3% is held by the Hindu undivided family, with 45.27% held by Sukhdev Singh Khinda. The public holds 27.06% shareholding. The company has issued only one class of equity share.
AGI Infra's revenue increased 9.4% to Rs 77.6 crore from Rs 70.9 crore in the second quarter of the current financial year.
Shares of AGI Infra closed 2.42% higher at Rs 1,647.35 apiece on the National Stock Exchange, compared to a 0.6% advance in the benchmark Nifty 50. During the day, the stock rose as much as 5.08% to Rs 1,690 per share. It has risen 86.07% in the past 12 months.
RECOMMENDED FOR YOU
Multibagger Paras Defence Shares Jump Over 9% After Stock Split
Jul 04, 2025
Multibagger Paras Defence In Focus On First-Ever Stock Split — Last Chance To Buy Ahead Of Record Date
Jul 03, 2025
Bajaj Finance Share Price Swings As Stock Trades Ex-Split
Jun 16, 2025
Bajaj Finance Bonus Bonanza: 10 Shares Turn Into 100
Jun 12, 2025
POPULAR