Stock Split and Capital Increase Announced for Deepak Builders & Engineers India Ltd Deepak Builders & Engineers India Ltd, a construction microcap listed on the Indian stock market, has announced two significant capital restructuring measures during its April 28 board meeting. The company’s board has approved a 10-for-1 stock split and an increase in authorized share capital, both of which are now subject to shareholder approval via a postal ballot. The decisions aim to enhance liquidity, broaden investor accessibility, and strengthen the company’s capital base as it looks to expand its operations in the infrastructure sector. The stock split involves dividing each existing equity share of face value Rs. 10 into ten shares of face value Re. 1 each. This move is intended to lower the per-unit price of shares, making them more affordable for retail investors and potentially boosting trading volumes. The company’s shares currently trade at Rs. 85.2 per share, up 1.61% from the previous closing price of Rs. 83.9. The stock’s price-to-earnings (P/E) ratio stands at 11, reflecting investor sentiment toward the company’s growth prospects. Alongside the stock split, the board has approved an increase in the company’s authorized share capital from Rs. 55 crore to Rs. 65 crore, a rise of Rs. 10 crore. Post-split, the restructured capital will be divided into 65 crore equity shares of Re. 1 each, up from the current 55 crore shares. To implement this change, the company will amend the Capital Clause of its Memorandum of Association. Both resolutions will require formal shareholder approval through a postal ballot process, which the board has already authorized for dispatch to members.#stock_split #ludhiana #deepak_builders_engineers_india_ltd #authorized_share_capital #postal_ballot
