Description

Best Agrolife Ltd announces stock split from Rs.10/- to Re.1/- per share and bonus issue in ratio 1:2, effective January 16, 2026.

Summary

Best Agrolife Ltd (Scrip Code: 539660, CIN: L74110DL1992PLC116773) has announced a sub-division of equity shares from face value of Rs.10/- to Re.1/- per share, along with a bonus issue in the ratio of 1:2 (1 equity share for every 2 equity shares held). The record date is January 16, 2026, with deemed allotment on January 19, 2026, and shares available for trading from January 20, 2026. The company will issue 11,82,23,700 bonus shares through Auto Corporate Action with CDSL & NSDL.

Key Points

  • Stock split: Face value reduced from Rs.10/- to Re.1/- per share
  • Bonus issue ratio: 1:2 (1 new share for every 2 shares held)
  • Total bonus shares to be issued: 11,82,23,700 shares
  • Current ISIN INE052T01013 will change post sub-division
  • Distinctive numbers for sub-division: 1 to 236,447,400
  • Distinctive numbers for bonus issue: 236,447,401 to 354,671,100
  • Additional 1,17,18,750 bonus shares reserved for outstanding warrant holders (pending conversion)
  • Auto Corporate Action setup with both CDSL and NSDL depositories
  • Compliance with SEBI circular SEBI/CIR/CFD/POD1/2024/122 dated September 16, 2024

Regulatory Changes

No new regulatory changes introduced. The corporate action is being executed in compliance with existing SEBI regulations, specifically SEBI circular SEBI/CIR/CFD/POD1/2024/122 dated September 16, 2024 regarding deemed allotment procedures.

Compliance Requirements

  • Company must set up Auto Corporate Action with CDSL and NSDL by 12 PM on January 19, 2026 (T+1 day)
  • Shares must be 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 formalities for Auto Corporate Action execution
  • New ISIN will be assigned post sub-division to replace current ISIN INE052T01013

Important Dates

  • January 2, 2026: Board approval and communication to BSE
  • January 16, 2026: Record date for sub-division and bonus issue eligibility
  • January 16, 2026: Effective date of sub-division
  • January 19, 2026: Deemed date of allotment for bonus shares (T+1)
  • January 19, 2026: Deadline for Auto Corporate Action setup (by 12 PM)
  • January 20, 2026: Listing effective date and trading commencement (T+2)

Impact Assessment

Shareholder Impact: Existing shareholders will see their holdings increase significantly - the 10:1 stock split followed by 1:2 bonus issue means shareholders will hold 15 shares for every 1 original share (10 from split + 5 from bonus). This increases liquidity and makes shares more affordable for retail investors.

Market Impact: The stock split to Re.1/- face value will improve price accessibility and trading volumes. The bonus issue represents a capitalization of reserves and increases the company’s equity base from approximately 2.36 crore shares to 35.47 crore shares post both actions.

Warrant Holders: Outstanding warrant holders will receive their proportionate bonus shares (1,17,18,750 reserved) only after full conversion by paying the balance 75% amount due.

Trading Impact: New ISIN assignment may require broker/demat account updates. Shareholders should expect automatic credit of new shares without any action required on their part.

Impact Justification

Major corporate action involving both stock split and bonus issue affecting all shareholders, with significant changes to share capital structure and ISIN.