P S Raj Steels Shareholders Approve One-To-Five Stock Split At Extra-Ordinary General Meeting
New Delhi, July 9, 2026: Shareholders of P S Raj Steels Limited have overwhelmingly approved a one-to-five stock split aimed at improving market liquidity and widening retail investor participation. The leading manufacturer of stainless steel pipes and tubes announced that the resolutions placed before its Extra-Ordinary General Meeting (EGM), held on Tuesday at the company’s corporate office in Hisar, Haryana, received unanimous support. The sub-division will see each fully paid-up equity share having a face value of Rs. 10 split into five fully paid-up equity shares having a face value of Rs. 2 each, ranking pari passu in all respects, P S Raj Steels said in a press release.
The transaction will leave the company’s aggregate authorized and paid-up share capital entirely unchanged. According to the voting results certified by the scrutinizer, Akanksha Chugh and Associates, the ordinary resolutions were passed with 100 percent of the valid votes cast in favor through remote e-voting. Following the consequential alteration of Clause V of the Memorandum of Association, the company’s aggregate authorized share capital remains Rs. 8,00,00,000, which is now divided into 4,00,00,000 equity shares of Rs. 2 each, up from the previous 80,00,000 shares of Rs. 10 each. Similarly, the issued, subscribed, and paid-up capital of Rs. 7,53,83,140 shifts from 75,38,314 shares to 3,76,91,570 shares. The Board of Directors will determine and announce the specific record date separately, subject to the completion of statutory and regulatory requirements.
In addition to the stock split, investors gave the nod to material related party transactions slated for the 2026-27 fiscal year. These transactions, to be conducted in the ordinary course of business and on an arm’s length basis, include arrangements with Sheela Stainless Private Limited for up to Rs. 3,344 lakhs and Steelmint Industries Private Limited for up to Rs. 3,600 lakhs. The decisions come on the heels of a solid financial year for the firm. In fiscal year 2025-26, P S Raj Steels recorded an operating income of Rs. 265.99 crore, up from Rs. 262.89 crore in the previous year. Meanwhile, its EBITDA grew 6.82 percent to Rs. 13.16 crore, net profit surged 15.79 percent to Rs. 8.58 crore, and earnings per share (EPS) climbed to Rs. 11.38.
Commenting on the development, Deepak Kumar, Managing Director, P S Raj Steels Limited, said, “The shareholder approval for the stock split is an important step towards improving liquidity and making the Company’s shares more accessible to a wider investor base. We remain focused on strengthening our operations, improving efficiency and creating sustainable long-term value for all stakeholders. Our latest financial performance reflects this commitment, supported by healthy operational execution and continued business momentum during FY2025–26.”
