Waterways Leisure Tourism Announces 1:10 Stock Split

Waterways Leisure Tourism Limited, traded under the symbol CORDELIA, has announced a stock split that will reduce the face value of its equity shares from ₹10 to ₹1 per share.

The split will become effective from August 26, 2026.

What’s changing?

After the stock split:

• 1 share of ₹10 face value will become 10 shares of ₹1 face value each.
• For example, if an investor holds 100 shares before the split, the holding will become 1,000 shares after the split.

What does this mean for investors?

A stock split increases the number of shares held by investors while reducing the face value and generally leading to a proportionate adjustment in the market price per share.

Importantly, the stock split by itself does not change the overall value of an investor’s holding.

For example, if one share were trading at ₹500 before a 1:10 split, the theoretical adjusted price would be around ₹50 per share after the split, assuming there is no other market movement.

Why do companies announce stock splits?

Companies usually undertake stock splits to make their shares more affordable for a wider set of investors and potentially improve liquidity in the stock.

Key takeaway

Waterways Leisure Tourism Limited will split each ₹10 face value share into 10 shares of ₹1 face value each, effective August 26, 2026.

Investors holding CORDELIA shares should note that while the number of shares in their demat account will increase after the split, the total value of their investment will not change solely because of the corporate action.

Source: NSE Circular Ref. No. 1384/2026 dated August 18, 2026.*