Chandni Machines Announces 1:10 Stock Split and Board Restructuring

Existing shares with a Rs. 10 face value will be split into 10 shares of Rs. 1 face value.
Governance changes include the appointment of a new Independent Director and long-term secretarial auditor.

Reader Takeaway: The share split targets higher market liquidity, while new governance appointments reinforce board-level compliance standards.

What just happened

Chandni Machines Limited has received board approval to sub-divide its equity shares in a 1:10 ratio. The company will also alter its Memorandum of Association to reflect these capital changes. Both items await formal backing from shareholders at an upcoming Extra-Ordinary General Meeting.

Why this matters

A share split is a common corporate action intended to make individual shares more affordable for retail investors. By increasing the total number of shares and reducing the price per share, the company aims to boost trading volumes and broaden its investor base.

Governance and Board Updates

The company is scaling its governance framework with several key appointments:

• Mr. Kishor Babubhai Vaidya joins as an Additional Independent Director.
• Mr. Richie Hiralal Amin has been re-appointed for a second five-year term as an Independent Director, effective November 7, 2026.
• M/s. N.L. Bhatia & Associates has been appointed as the Secretarial Auditor for a five-year tenure covering FY 2026-27 through 2030-31.

What changes now

Beyond the split, the board has authorized the company to engage in inter-corporate loans, guarantees, and security acquisitions exceeding Section 186 limits. This provides the management with greater operational flexibility, provided that shareholders grant their necessary approval during the EGM.