August 25, 2026: Waterways Leisure Tourism Ltd, the company behind Cordelia Cruises, is turning ex-split today, August 25, ahead of the company’s 1:10 stock split. The record date for the corporate action is August 26, 2026.
Author: Aadarsh Patel | EQMint
Under the split, every existing equity share with a face value of ₹10 will be divided into 10 shares with a face value of ₹1 each. The company said the move is intended to make its shares more accessible to investors and improve participation and liquidity in the secondary market.
Waterways Leisure Tourism Stock Split: Key Details
| Particular | Details |
|---|---|
| Company | Waterways Leisure Tourism Ltd |
| Brand | Cordelia Cruises |
| NSE Symbol | CORDELIA |
| BSE Code | 544802 |
| Split Ratio | 1:10 |
| Existing Face Value | ₹10 |
| New Face Value | ₹1 |
| Ex-Split Date | August 25, 2026 |
| Record Date | August 26, 2026 |
What Does the 1:10 Stock Split Mean?
A 1:10 split means that 1 existing share will become 10 shares after the corporate action.
For example, an investor holding 100 shares before the split would have 1,000 shares after the split, subject to the applicable corporate-action processing.
The face value will fall from ₹10 to ₹1 per share. The market price is adjusted in proportion to the split, so the split by itself doesn’t increase the overall value of an investor’s holding.
Why Is Waterways Leisure Tourism Splitting Its Shares?
The company has said the subdivision is intended to make its equity shares more accessible to a wider investor base, particularly retail investors, while supporting greater participation and liquidity in the secondary market.
The move comes shortly after Waterways Leisure Tourism’s stock-market debut, making the corporate action notable given the company’s relatively recent listing.
Record Date Is August 26
Waterways Leisure Tourism has fixed Wednesday, August 26, 2026, as the record date for determining shareholders eligible for the split.
The company approved the 1:10 subdivision after shareholders passed the required resolution through a postal ballot on August 12.
The company’s paid-up share capital remains unchanged at about ₹72.4 crore, while the number of shares is expected to rise from roughly 7.24 crore shares of ₹10 each to 72.39 crore shares of ₹1 each following the split.
Cordelia Cruises Expansion Plans
Waterways Leisure Tourism operates the Cordelia Cruises brand and currently operates the Empress.
The company has also planned further fleet expansion, with Sky expected to join the fleet in October 2026 and Sun in November 2027, according to reports citing the company’s plans.
This fleet expansion could increase the company’s capacity as India’s cruise tourism market develops.
What Investors Should Watch
The stock split changes the number of shares and their face value. Investors tracking Waterways Leisure Tourism will therefore need to look at the post-split market price, trading volumes, financial performance and progress of the cruise fleet expansion when assessing the company.
A stock split itself doesn’t change the underlying business value. The longer-term performance will depend on factors such as passenger demand, fleet utilisation, costs, profitability and the company’s ability to execute its expansion plans.
Key Takeaways of Waterways Leisure
- Waterways Leisure Tourism turns ex-split on August 25, 2026.
- The stock split ratio is 1:10.
- Face value will fall from ₹10 to ₹1.
- August 26, 2026 is the record date.
- The company operates Cordelia Cruises.
- The split is aimed at improving accessibility and liquidity.
- The company’s paid-up capital remains unchanged after the split.
For more such information visit EQMint
Join our Whatsapp channel for timely updates: Whatsapp
Disclaimer: This article is not an investment advice and is for educational purpose only.
