Waterways Leisure Tourism Limited (NSE: CORDELIA) announced today that its equity shares have commenced trading on an ex-split basis with effect from August 25, 2026, following the sub-division of its equity shares in a 1:10 ratio. Pursuant to the intimation received from the stock exchanges, August 25, 2026 has been designated as the Ex-Split Date, while August 26, 2026 remains the Record Date for determining the shareholders entitled to receive the subdivided equity shares. The Ex-Split Date has been advanced by one day in view of the Clearing holiday on August 26, 2026.

Enhanced Accessibility

Under the approved corporate action, each existing fully paid-up equity share of ₹10 has been sub-divided into 10 fully paid-up equity shares of ₹1 each. The Company’s paid-up equity shares capital remains unchanged at ₹723.95 million, while the total number of equity shares increases from 7,23,94,543 equity shares to 72,39,45,430 equity shares. The sub-division is intended to enhance the accessibility of the Company’s equity to a broader investor base and facilitate wider participation in its listed shares, including among retail investors.

Corporate Action Benefits

The corporate action is also expected to support greater participation and liquidity in the secondary market. Jurgen Bailom, Chairman of the Board, Executive Director and CEO, Waterways Leisure Tourism Limited, said: ‘The 1:10 share sub-division is designed to make Waterways Leisure Tourism’s equity more accessible by bringing down the face value per share from ₹10 to ₹1, thereby enabling participation at a lower per-share price point. We believe this will make the stock more approachable for a wider investor base, particularly retail investors, while supporting greater participation and liquidity in the market. Importantly, the sub-division does not alter the Company’s underlying value or paid-up capital, but improves the accessibility of our equity as we continue to execute our growth plans.’ As the Company’s shares begin trading on an ex-split basis, Waterways Leisure Tourism remains focused on scaling Cordelia Cruises, expanding its fleet and strengthening its position in India’s organised cruise tourism ecosystem.

Source: NSE Corporate Announcement

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