Oriana Power Approves 1:5 Stock Split To Enhance Share Liquidity And Retail Investor Participation

Oriana Power Limited has announced that its Board of Directors has approved a proposal to split the company’s equity shares in a 1:5 ratio. The decision was taken during the board meeting held on July 13, 2026, and is aimed at improving the liquidity of the company’s shares in the stock market.

Under the approved proposal, every existing equity share with a face value of Rs. 10 will be divided into five equity shares with a face value of Rs. 2 each. While the number of shares held by investors will increase fivefold, the total value of their investment will remain unchanged, as the stock split only changes the face value and number of shares.

According to the company’s filing with the National Stock Exchange of India, the primary objective of the stock split is to make Oriana Power’s shares more affordable and accessible to retail investors. By reducing the price per share, the company expects to attract a broader investor base and increase trading activity in its stock.

The stock split will also result in changes to the company’s capital structure. Oriana Power’s authorized share capital will remain at Rs. 24.5 crore, but the number of authorized shares will increase from 2.45 crore equity shares of Rs. 10 each to 12.25 crore equity shares of Rs. 2 each. Similarly, the company’s subscribed and paid-up share capital will increase from 2,03,19,150 equity shares to 10,15,95,750 equity shares following the subdivision.

As part of the process, the Board has approved an amendment to Clause V, the Capital Clause, of the company’s Memorandum of Association to reflect the revised share capital structure. The company will now seek approval from its shareholders through a Postal Ballot Notice, which is being issued in accordance with regulatory requirements.

Oriana Power expects to complete the stock split within two months after receiving shareholder approval. The company will announce the record date at a later stage, which will determine the shareholders eligible to receive the additional shares under the approved stock split.