Description

Best Agrolife Limited announces sub-division of equity shares from Rs. 10/- to Re. 1/- and bonus issue in ratio 1:2, effective January 16, 2026.

Summary

Best Agrolife Limited (Scrip Code: 539660, CIN: L74110DL1992PLC116773) has announced a stock sub-division and bonus share issue. The company will sub-divide its equity shares from face value of Rs. 10/- per share to Re. 1/- per share, and simultaneously issue bonus shares in the ratio of 1:2 (one equity share for every two equity shares of face value Re. 1/- held). The record date is set as January 16, 2026, with deemed allotment date of January 19, 2026, and trading commencement on January 20, 2026.

Key Points

  • Stock sub-division from Rs. 10/- per share to Re. 1/- per share
  • Bonus issue in ratio 1:2 (1 equity share for every 2 equity shares held)
  • Total bonus shares to be issued: 11,82,23,700 shares
  • Additional 1,17,18,750 bonus shares reserved for outstanding warrant holders (subject to conversion)
  • Current ISIN INE052T01013 will change post sub-division
  • Auto Corporate Action to be set up with CDSL & NSDL
  • Distinctive numbers for sub-division: 1 to 236447400
  • Distinctive numbers for bonus issue: 236447401 to 354671100

Regulatory Changes

The corporate action is being executed in compliance with SEBI circular SEBI/CIR/CFD/POD1/2024/122 dated September 16, 2024. The company has undertaken to set up Auto Corporate Action with both depositories (CDSL & NSDL) for execution by 12 PM on the first working day after record date.

Compliance Requirements

  • Company to set up Auto Corporate Action with CDSL and NSDL by 12 PM on January 19, 2026 (T+1 day)
  • Ensure bonus shares available for trading on Beginning of Day (BoD) of January 20, 2026 (T+2 day)
  • Company undertakes to resolve any complaints arising from failure to complete Auto Corporate Action formalities
  • Warrant holders must pay balance 75% amount to convert warrants into equity shares to receive bonus shares

Important Dates

  • January 2, 2026: Board approval and announcement date
  • January 16, 2026 (Friday): Record date for sub-division and bonus issue
  • January 19, 2026 (Monday): Deemed date of allotment of bonus shares; Auto Corporate Action setup deadline (12 PM)
  • January 20, 2026 (Tuesday): Effective date of listing and commencement of trading in subdivided and bonus shares

Impact Assessment

Market Impact: High - The 10:1 stock split will significantly reduce the trading price per share, potentially improving liquidity and making the stock more accessible to retail investors. The 1:2 bonus issue represents a 50% increase in equity base.

Shareholder Impact: Existing shareholders will receive one additional share for every two shares held after sub-division. Total shareholding value remains unchanged, but number of shares will increase by 150% (including sub-division effect).

Warrant Holders: Outstanding warrant holders as on record date will be entitled to bonus shares upon conversion of warrants after paying the balance 75% amount. Reserved bonus shares for this category: 1,17,18,750 shares.

Trading Impact: New ISIN will be assigned post sub-division. Trading will commence on T+2 basis (January 20, 2026) with adjusted prices reflecting the corporate actions.

Impact Justification

Major corporate action involving stock split from Rs. 10 to Re. 1 and 1:2 bonus issue affecting all shareholders with 11.82 crore bonus shares to be allotted