Gautam Exim EGM 2026: Split, Bonus, Capital Plan

EGM scheduled for April 30, 2026

Gautam Exim Limited has scheduled an Extra-Ordinary General Meeting (EGM) of members on Thursday, April 30, 2026 at 11:00 AM. The company has also submitted a newspaper advertisement for the meeting as part of its compliance process under SEBI regulations. The agenda is focused on a set of capital restructuring actions that will materially change the number of shares outstanding and the face value of each share. These proposals were approved by the board at its meeting held on March 28, 2026, and are now being placed before shareholders. The EGM is positioned as the key approval checkpoint before the company proceeds with exchange and statutory filings.

What shareholders are being asked to approve

The EGM will consider multiple business items, covering both the restructuring actions and related governance approvals. Shareholders will vote on a subdivision (stock split) of equity shares, a bonus issue, and an increase in authorised share capital. The company will also place items linked to legal documentation updates, including alteration of the capital clause in the memorandum of association following the split. In addition, the EGM agenda includes the appointment of a secretarial auditor for FY 2025-26. The company has stated that all resolutions will require member approval and will remain subject to regulatory approvals from BSE Limited and other statutory authorities.

Stock split: face value to be reduced from ₹10 to ₹5

One of the primary proposals is a 1:2 stock split, where each equity share of face value ₹10 will be subdivided into two equity shares of face value ₹5. The company’s disclosures indicate that the split changes the number of shares while keeping the total capital amount unchanged. This is also linked to a proposed alteration of the capital clause in the memorandum of association to reflect the revised face value and share count. The company has framed the split as a step that can improve liquidity and affordability, although the EGM outcome will decide whether it proceeds.

Bonus issue: 3 shares for every 1 share (post-split)

Alongside the split, Gautam Exim has proposed a bonus issue in a 3:1 ratio on a post-split basis. This means eligible shareholders would receive 3 new fully paid-up equity shares of ₹5 each for every 1 existing equity share of ₹5 each held after the split. The company plans to capitalise ₹9,24,30,000 from free reserves to implement the bonus issue. The bonus shares will rank pari-passu with existing equity shares and carry the same voting rights, as stated in the meeting disclosure. The company has also noted that the record date for determining bonus eligibility has not yet been announced.

Authorised share capital to rise to ₹13 crore

The company has proposed increasing its authorised share capital from ₹5,00,00,000 to ₹13,00,00,000. Post approval, the revised authorised capital is proposed to be divided into 2,60,00,000 equity shares of ₹5 each. The stated purpose is to provide flexibility for the planned corporate actions and future capital requirements. This authorised capital increase is also presented as necessary to accommodate the enlarged equity base after the bonus issue.

Key dates: cut-off and e-voting window

Gautam Exim has provided a defined window for remote e-voting via NSDL. The cut-off date has been set as April 23, 2026 for determining shareholder eligibility for voting. Remote e-voting is scheduled to start on April 27, 2026 and end on April 29, 2026. The EGM itself is scheduled for April 30, 2026. The company has also indicated that because the shares are in demat form, book closure is not required and the cut-off date will be used for eligibility.

Share capital structure: pre-split vs post-split

The company has disclosed the impact of the stock split on its authorised capital and issued and paid-up capital, showing that the rupee value of capital remains the same while the number of shares doubles and face value halves. This is a mechanical effect of subdivision, and the actual enlargement of the equity base is expected to come from the bonus issue if approved and implemented. The numbers below reflect the company’s disclosed pre-split and post-split position prior to the authorised capital increase to ₹13 crore.

Implementation sequence and regulatory conditions

The company has outlined an implementation sequence for the corporate actions. It plans to execute the share subdivision first, followed by alteration of the capital clause in the memorandum, then the increase in authorised share capital, and finally the bonus issue. Each step is dependent on the previous one being completed, and the entire plan is subject to approvals from BSE Limited and other statutory authorities. The company has also stated it is not in default regarding fixed deposits, debt securities, or statutory employee dues, which is relevant in the context of corporate actions and compliance.

Trading halt and expected resumption

Gautam Exim has halted trading of its shares starting March 21, 2026 in preparation for the upcoming corporate actions. The company has indicated that trading is expected to resume 48 hours after the EGM concludes. This timeline is linked to the completion of the shareholder approval process and the next steps in corporate action execution. After the EGM, the company is expected to announce the record date for the split and bonus share credit and provide the timeline for the corporate actions, subject to necessary approvals.

Auditor and scrutiniser appointment

As part of the EGM items, the company has included a proposal to appoint CS Varun Bhomia as secretarial auditor for FY 2025-26. Separately, M/s Varun Bhomia & Co. has been appointed as the scrutiniser for e-voting, as per the company’s disclosure. These appointments are part of the compliance framework around shareholder voting and secretarial audit requirements.

Why the EGM outcome matters

The April 30 EGM is the decisive step that determines whether the split, bonus issue, and authorised capital expansion proceed as planned. For shareholders, the mechanics are straightforward: the split halves face value from ₹10 to ₹5 and doubles the number of shares, and the proposed bonus then increases holdings further on a post-split basis. For the company, increasing authorised capital to ₹13 crore is the enabling step that supports issuing additional shares for the bonus. The immediate next milestones, as described by the company, are shareholder approvals, regulatory clearances, and the subsequent announcement of record dates and execution timelines.

Conclusion

Gautam Exim’s April 30, 2026 EGM will put a 1:2 stock split, a 3:1 bonus issue (post-split), and an authorised capital increase to ₹13 crore to shareholder vote. Remote e-voting runs from April 27 to April 29, with April 23 as the cut-off date. Following the EGM, the company has indicated it will move to announce record dates and the operational timeline for implementing the corporate actions, subject to required approvals.