Manbro Industries Approves 10:1 Stock Split and Name Change to KD Green

Manbro Industries Limited shareholders have approved a 1:10 sub-division of equity shares, converting each existing fully paid-up share of ₹10 face value into 10 equity shares of Re. 1/- face value each. This ordinary resolution was passed during an Extra-Ordinary General Meeting on March 9, 2026, following the board's initial approval on February 9, 2026.

The stock split aims to enhance stock market liquidity, broaden the shareholder base, and make shares more affordable for small investors, with no impact on voting rights or proportional ownership. Pre-split, authorised capital comprised 2,02,50,000 shares of ₹10 each totaling ₹20,25,00,000; post-split, this becomes 20,25,00,000 shares of Re. 1/- each maintaining the same value. Issued, subscribed, and paid-up capital shifts from 58,01,050 shares of ₹10 (₹5,80,10,500) to 5,80,10,500 shares of Re. 1/- (₹5,80,10,500), with completion expected within two months pending approvals.

In parallel, shareholders approved a special resolution changing the company name from Manbro Industries Limited to KD Green Industries Limited via Clause I alteration of the Memorandum of Association, reflecting group naming conventions and green/iron-block business focus. The Registrar of Companies has approved "KD Green Industries Limited," with processes underway for regulatory updates.

Shares of Manbro Industries LTD. was last trading in BSE at Rs. 807.00 as compared to the previous close of Rs. 776.95. The total number of shares traded during the day was 895 in over 27 trades.

The stock hit an intraday high of Rs. 815.75 and intraday low of 754.00. The net turnover during the day was Rs. 729266.00.

Source : Equity Bulls

Keywords

ManbroIndustries INE348N01034 StockSplit SubDivision 10For1 NameCHange KDGreenIndustries