Gautam Exim EOGM clears split, 3:1 bonus in 2026

What shareholders approved on April 30

Gautam Exim Limited has approved a set of capital restructuring actions after shareholders voted in favour of all items placed at an Extraordinary General Meeting (EOGM) held on April 30, 2026. The company said the voting outcome was unanimous across five resolutions, signalling broad support for the proposed changes. A total of 2,324,250 votes were cast, and the approval rate was 100%.

The approved package includes a share subdivision that reduces the face value of each equity share, a bonus issue that increases the number of shares held by eligible investors, and a significant rise in authorised share capital. The company linked these actions to the need to adjust its capital clause in the Memorandum of Association (Clause V) and to create sufficient headroom in the capital structure for the bonus shares and related corporate actions.

Voting outcome and shareholder mandate

The company’s disclosure highlights the scale of support for the proposal set. All five resolutions were approved with 100% of votes cast in favour, with 2,324,250 votes counted. Such a clean vote outcome matters because stock split and bonus issues require shareholder approval, and the operational steps that follow depend on completing each stage in sequence.

The meeting outcome also closes the key internal governance step needed before the company proceeds to exchange and statutory processes. Gautam Exim has indicated that implementation remains subject to approvals from BSE Limited and other statutory authorities.

Stock split: face value reduced from INR 10 to INR 5

One of the central resolutions is the subdivision of equity shares from a face value of INR 10 each to INR 5 each. The company described this as a 1:2 split, where each existing INR 10 share becomes two shares of INR 5.

The mechanical effect of the subdivision is an increase in the number of shares while the rupee value of the capital remains unchanged for the split step itself. As disclosed, the authorised capital before the authorised-capital increase stays the same in rupee terms, while the number of authorised shares doubles because the face value halves. The company positioned the split as a move aimed at enhancing liquidity and making the stock more accessible to investors.

What changes in the authorised share base after the split

Gautam Exim disclosed the pre-split and post-split position for authorised capital prior to the later increase to INR 13 crore. In that disclosure, the authorised share count rises from 50,00,000 to 1,00,00,000 as the face value halves from INR 10 to INR 5, with total authorised capital remaining INR 5 crore at that stage.

The company also provided issued and paid-up capital numbers for the subdivision step, showing issued and paid-up shares moving from 30,81,000 to 61,62,000, while issued and paid-up capital remains INR 3.081 crore. This is consistent with a subdivision, where share count changes but aggregate paid-up capital does not.

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

Shareholders also approved a bonus issue in the ratio of 3:1 on a post-split basis. As described by the company, eligible shareholders would receive three new fully paid equity shares of INR 5 each for every one existing equity share of INR 5 each held after the split.

For funding, the company disclosed that it plans to capitalise INR 9.243 crore from free reserves to implement the bonus issue. It also stated that the bonus shares will rank pari-passu with existing equity shares and carry the same voting rights. The record date to determine eligibility had not been announced at the time of the disclosure.

Authorised share capital increased to INR 13 crore

To accommodate the enlarged equity base expected after the bonus issue, Gautam Exim approved an increase in authorised share capital from INR 5 crore to INR 13 crore. Post approval, the revised authorised capital is proposed to be divided into 2,60,00,000 equity shares of INR 5 each.

The company linked this step to flexibility for planned corporate actions and future capital requirements. It also said the change is incorporated through consequential alterations to the capital clause (Clause V) of the Memorandum of Association.

Implementation sequence and regulatory dependencies

Gautam Exim outlined a sequence for implementation. The company plans to execute the share subdivision first, then alter the capital clause in the Memorandum of Association, then complete the authorised capital increase, and finally implement the bonus issue.

Each step is dependent on the previous one being completed. The company also noted that the entire plan is subject to regulatory approvals from BSE Limited and other statutory authorities, which will govern listing and trading of the new shares.

Key numbers: pre and post changes

The company provided disclosures that separate the mechanical effect of the split from the later authorised capital expansion. The table below compiles the key figures stated in the disclosures.

What this can mean for liquidity and retail participation

The company has framed the share subdivision as a step to improve liquidity and affordability. A lower face value, combined with a higher number of shares, typically results in a lower price per share after the split, although the company’s disclosures focus on structure and process rather than price outcomes.

The 3:1 bonus issue further increases the number of shares held by existing investors on a post-split basis. The market will ultimately judge whether the higher free float and share count translate into sustained trading volumes, once the new shares are listed and trading begins.

Timeline highlights investors are tracking

The EOGM was held on April 30, 2026. The company’s EGM process details included a cut-off date of April 23, 2026, and remote e-voting via NSDL scheduled from April 27, 2026 to April 29, 2026.

Separately, the company has said record dates for the split and bonus will be decided later. Investors are also tracking the completion of exchange and statutory approvals, which will be necessary before the split and bonus shares can be credited and admitted for trading.

Stock snapshot disclosed alongside the update

A market snapshot included in the provided material showed Gautam Exim at INR 323.90, up INR 0.55 (0.17%). Another data line showed INR 322.50 with a 5-day change of 8.31% and a “1st Jan Change” of 9.73%. These figures were presented as market reference points alongside the corporate action updates.

Conclusion

Gautam Exim’s April 30, 2026 EOGM delivered unanimous approval for a face value split from INR 10 to INR 5, a 3:1 bonus issue on a post-split basis, and an authorised capital increase to INR 13 crore. The next steps depend on exchange and statutory clearances, followed by board-announced record dates and an execution timeline for crediting and listing the new shares.