SKM Egg Products Export (India) Limited announced a proposal for a share sub-division aimed at enhancing the equity value of the company. In a communication to the National Stock Exchange of India and the Bombay Stock Exchange, the company outlined its intention to seek shareholder approval for several resolutions, including the sub-division of ordinary shares and alterations to the capital clauses of both the Memorandum and Articles of Association. This initiative follows a previous notice sent on October 29, 2025, as part of compliance with SEBI's regulations.
The company is set to facilitate remote electronic voting for its shareholders, which will commence on November 12, 2025, at 9:00 AM IST, and conclude on December 11, 2025, at 5:00 PM IST. To ensure transparency, SKM has appointed Mr. V Ramkumar, a Practicing Company Secretary, as the scrutinizer for the postal ballot process. The proposed sub-division involves splitting each existing ordinary share with a face value of ₹10 into two shares with a face value of ₹5, allowing for a more accessible investment structure while maintaining the rights associated with existing shares.
In addition to the share sub-division, the company plans to amend its authorized share capital to ₹30 crores, divided into 6 crore equity shares of ₹5 each. This adjustment is aligned with the company's growth strategy and aims to provide greater flexibility in capital management. The resolutions will be voted on by shareholders through the remote e-voting system, ensuring their participation in this significant corporate decision. The full details of the proposals and the voting process are available on the company's website.