Virat Leasing Limited (Scrip Code: 539167) has issued a significant Board Meeting Outcome on 25th March 2025, outlining two major corporate decisions:

1. Split/Sub-Division of Equity Shares:

The Board of Directors approved the sub-division of equity shares of the company from the existing face value of ₹10 per share into 2 equity shares of face value ₹5 each. This decision is subject to necessary regulatory approvals and the approval of shareholders at the upcoming Extra-Ordinary General Meeting (EGM).

• Rationale: The rationale behind the share split is to enhance liquidity in the market, widen the shareholder base, and make the shares more affordable to small investors.

• Impact on Share Capital:

  • Pre-Split: The company had 1,29,80,500 equity shares with a total capital of ₹12.98 Crores at ₹10 per share.

  • Post-Split: The shares will increase to 2,59,61,000 equity shares with the same total capital of ₹12.98 Crores but with a face value of ₹5 each.

• Expected Completion: The share split is expected to be completed within 6 months from the approval by the shareholders.

2. Extra-Ordinary General Meeting (EGM):

The Board of Directors has also decided to convene an EGM on 25th April 2025 at the company’s corporate office in Kolkata. The EGM will address the proposal for the sub-division of shares, and the draft notice for the EGM has been approved by the Board.

• Location: The EGM will be held at Jajodia Tower, 3, Bentinck Street, Kolkata - 700001.

• Scrutinizer: Mr. Rajesh Ghorawat, Practicing Company Secretary, has been appointed as the Scrutinizer for the voting process during the EGM.

Additional Information:

• Share Subdivision Ratio: 1 equity share of ₹10 face value to be split into 2 equity shares of ₹5 each.

• Impact on Shareholders: No shareholders will be left without shares post-split as all shareholders will receive double the number of shares.

• Shareholder Approvals: Shareholders will need to approve the split at the EGM before it becomes effective.

Virat Leasing Limited has emphasized that the full details of the share split, including the record date, will be announced after obtaining necessary approvals. The company also shared that the EGM notice and other details will be made available on the company’s official website.

This announcement is issued by Manisha Khandelwal, the Company Secretary & Compliance Officer of Virat Leasing Limited.

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