Renuka Foods to subdivide shares on one-for-two basis

Monday, 9 February 2026 04:26 - - {{hitsCtrl.values.hits}}

Renuka Foods PLC has announced a subdivision of its issued ordinary shares following a resolution passed by the Board of Directors at a meeting held on Friday (6).

Under the proposal, each existing issued ordinary share will be subdivided into two ordinary shares, without affecting the stated capital of the company.

As a result, the number of issued ordinary voting shares will increase from 180,005,317 to 360,010,634, while issued ordinary non-voting shares will increase from 7,306,800 to 14,613,600.

The company said the subdivision is permitted under Article 11(2) of its Articles of Association and does not require shareholder approval. The effective date of the subdivision will be informed to the Colombo Stock Exchange in due course.

The share of Renuka Foods ended up Rs. 1.60 on Friday at Rs. 72.40. Non-voting shares ended Rs. 1.50 on the up at Rs.55.80.

As of end-September 2025, the company reported net assets of Rs. 33.69 per share, with a 24.31% public float for voting shares and 72.25% float for non-voting shares.

Top voting shareholders were Renuka Agro Exports Ltd., (36.52%), Shaw Wallace & Hedges Ltd., (11.34%) and CJ Patel & Company (8.37%).