Pashupati Cotspin Shares in Focus as Shareholders Greenlight 10:1 Stock Split

Synopsis: Pashupati Cotspin shareholders approve 10-for-1 stock split, turning ₹10 shares into ten ₹1 shares. Electronic vote passes easily; boosts retail access without changing market value.

Shareholders of Pashupati Cotspin Ltd. have overwhelmingly approved a major stock split. The move could open the door to thousands of new retail investors. Pashupati Cotspin Ltd. cleared a significant milestone on March 29, 2026. Its shareholders voted in favor of splitting each equity share into ten smaller units. The textile company, listed on both BSE and NSE will now divide every ₹10 face-value share into ten shares of ₹1 each.

The stock has drawn fresh attention following the announcement. A stock split typically boosts trading volumes and attracts smaller investors. Lower per-share prices make the stock more accessible to retail participants. The stock closed at ₹977 with 1,542 crore market  market capitalization on monday.

How the Vote Happened

The company did not hold a physical ballot. Instead, it ran a fully electronic postal ballot process. Remote e-voting opened shortly after February 27, 2026, and closed on March 29, 2026, at 5:00 p.m. IST.

The board had initially approved the split proposal on February 26, 2026. A public notice followed the next day. The company also published a newspaper advertisement to inform shareholders. Only members registered with an email address received the electronic notice directly.

Both Resolutions Sail Through

Shareholders voted on two resolutions. The first covered the actual share split. The second approved changes to the Capital Clause of the company’s Memorandum of Association. Both passed as Ordinary Resolutions, requiring a simple majority. Both cleared that bar comfortably.

The results were declared on March 30, 2026. CS Janki Shah, Proprietor of SJV & Associates, served as the independent Scrutinizer. She verified all votes for validity and fairness. Her report confirmed that members approved both resolutions with the requisite majority.

What Changes for Investors

Existing shareholders need not take any action. Demat accounts will automatically reflect the new share count after the Record Date. Physical share certificates, if any, will be replaced accordingly. Trading in the new ₹1 face-value shares will begin once stock exchanges grant their approval.

The company must file the approved resolutions with the Registrar of Companies within 30 days. A Record Date announcement is expected within one to two weeks. Post-split, the total number of shares will rise ten-fold, though total value stays the same.

Why It Matters

Stock splits are a common tool for listed companies seeking broader investor reach. Therefore, analysts often view them as a confidence signal from management. Pashupati Cotspin’s move follows a pattern seen across many Indian mid-cap firms in recent years.

The near-unanimous shareholder approval reflects strong alignment between promoters and public investors. Higher trading volumes and wider participation are the expected outcomes. For now, the stock remains firmly in focus as the company moves toward completing this corporate action.

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