1:10 Stock Split: Waterways Leisure Tourism Ltd Approves Face Value Split from Rs 10 to Re 1
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Waterways Leisure Tourism Ltd has announced a 1:10 stock split, with its Board of Directors approving the proposal at its meeting held on Friday, July 10, 2026.
✨ Key Takeaways
On Friday, shares of Waterways Leisure Tourism Ltd closed at Rs 859 per share, up 0.09 per cent from its previous closing price of Rs 858.25. The stock touched an Intraday high of Rs 884.70, rising about 3.08 per cent from the previous close. The stock's 52-week high is Rs 903.65 per share and its 52-week low is Rs 623.10 per share.
Waterways Leisure Tourism Ltd has announced a 1:10 Stock Split, with its Board of Directors approving the proposal at its meeting held on Friday, July 10, 2026. The proposal is subject to shareholders' approval and necessary regulatory clearances.
Under the approved proposal, every one equity share having a face value of Rs 10 each will be sub-divided into 10 equity shares having a face value of Re 1 each. While the number of shares held by investors will increase tenfold, the company's paid-up share capital and overall value of their investment will remain unchanged.
The company said the stock split has been undertaken to enhance liquidity in the secondary market and make its shares more affordable and accessible to a wider base of investors. According to the company, the move is also expected to improve trading volumes and broaden its shareholder base without affecting the company's capital structure or intrinsic value.
Following the split, the company's authorised share capital will remain Rs 1,00,05,00,000, but the number of authorised equity shares will increase from 10,00,50,000 shares of Rs 10 each to 1,00,05,00,000 shares of Re 1 each.
Similarly, the issued, subscribed and paid-up share capital will continue to remain Rs 72,39,45,430, while the number of equity shares will increase from 7,23,94,543 shares of Rs 10 each to 72,39,45,430 shares of Re 1 each.
The company also approved the alteration of Clause V of its Memorandum of Association to reflect the revised authorised share capital comprising 1,00,05,00,000 equity shares of Re 1 each, subject to shareholders' approval.
Waterways Leisure Tourism Ltd expects to complete the stock split within approximately three months after receiving shareholders' approval and all required regulatory approvals.
The company clarified that there will be no fractional entitlements, as the split ratio is 1:10, making the provision relating to shareholders not receiving shares after consolidation not applicable.
The Board meeting commenced at 2:00 PM and concluded at 2:14 PM on July 10, 2026.
The company has a market capitalisation of over Rs 6,218.69 crore. The stock price has surged over 28.57 per cent on a year-to-date basis.
The stock has also delivered a return of approximately 37.86 per cent from its 52-week low of Rs 623.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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