Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, has approved a 1:10 stock split, subject to shareholders’ approval, in a move aimed at improving the liquidity of its shares and making them more affordable for retail investors. 

The company’s Board of Directors, at its meeting held on July 10, 2026, approved the subdivision of each existing equity share with a face value of ₹10 into 10 equity shares with a face value of Re 1 each. The proposal also includes the corresponding amendment to the Capital Clause of the company’s Memorandum of Association. 

According to the company, the stock split is intended to enhance trading liquidity, increase market participation and broaden its shareholder base by making the stock more accessible to a larger pool of investors. The company clarified that the subdivision will not impact its overall capital structure or the intrinsic value of the business. 

The company expects to complete the stock split within approximately three months after receiving shareholders’ approval and the necessary regulatory clearances.

Following the subdivision, the company’s authorised share capital will remain unchanged at ₹100.05 crore, but the number of authorised equity shares will increase from 10,00,50,000 shares of ₹10 each to 1,00,05,00,000 shares of Re 1 each. Similarly, the issued, subscribed and paid-up share capital will continue to stand at ₹72.39 crore, while the number of outstanding equity shares will rise from 7,23,94,543 shares to 72,39,45,430 shares after the split. 

The company also noted that there will be no fractional entitlements arising from the subdivision, as the split ratio is 1:10. 

The Board meeting commenced at 2:00 PM and concluded at 2:14 PM, following which the company informed both the BSE and NSE about the decision.