August 13, 2026: Waterways Leisure Tourism Limited, the company behind Cordelia Cruises, has received shareholder approval for a 1:10 share split, with the record date fixed for August 26, 2026.
Author: Aadarsh Patel | EQMint
The resolution was approved through a postal ballot, with the required majority of shareholders voting in favour of the proposal. The company disclosed the development on August 12, 2026.
Waterways Leisure Tourism Share Split: Key Details
Under the approved corporate action, every existing equity share with a face value of ₹10 will be subdivided into 10 equity shares with a face value of ₹1 each.
The company’s paid-up share capital will remain unchanged at ₹72.395 crore. However, the number of outstanding equity shares will increase from 7,23,94,543 shares to 72,39,45,430 shares after completion of the split.
Share Split at a Glance
| Particular | Details |
|---|---|
| Split Ratio | 1:10 |
| Existing Face Value | ₹10 |
| New Face Value | ₹1 |
| Existing Shares | 7.24 crore |
| Shares After Split | 72.39 crore |
| Paid-up Share Capital | ₹72.395 crore |
| Record Date | August 26, 2026 |
| Company | Waterways Leisure Tourism Ltd. |
| Brand | Cordelia Cruises |
| NSE Symbol | CORDELIA |
| BSE Code | 544802 |
The share split is intended to make the company’s equity shares more accessible to a wider investor base and support greater participation and liquidity in the secondary market.
What Does the 1:10 Split Mean for Investors?
An investor holding 1 share of ₹10 face value before the split will hold 10 shares of ₹1 face value after the corporate action, subject to the applicable eligibility and processing.
The split itself doesn’t change the company’s paid-up capital or the underlying value of an investor’s holding immediately because the number of shares and face value change proportionately.
The market price generally adjusts in line with the split ratio, although the actual traded price after the split will depend on market conditions.
Cordelia Cruises Expands Fleet
The share split comes as Waterways Leisure Tourism enters its next phase of expansion.
The company currently operates Empress, while its fleet expansion plans include Sky in October 2026 and Sun in November 2027.
The company said the additions are intended to increase its capacity as demand for cruise tourism grows in India.
More Than 7.8 Lakh Guests Have Sailed With Cordelia
Waterways Leisure Tourism describes itself as India’s leading cruise company and operates Cordelia Cruises across domestic and international destinations.
Its onboard offering includes accommodation, dining, entertainment, wellness, gaming, retail, MICE, weddings and group travel.
Since starting operations, more than 7.8 lakh guests have sailed with Cordelia Cruises across its domestic and international itineraries, according to the company’s release.
CEO’s Take on the Share Split
Jurgen Bailom, Chairman of the Board, Executive Director and CEO of Waterways Leisure Tourism, said the approval is aimed at making participation in the company’s growth story more accessible to a wider investor base.
He also linked the corporate action to the company’s fleet expansion and longer-term plans for building its cruise tourism business in India.
EQMint Analysis
The 1:10 share split is primarily a capital-market action. It doesn’t create additional value for shareholders by itself, but a lower per-share price can make the stock more accessible to smaller investors and potentially support trading activity.
For Waterways Leisure Tourism, the more significant business trigger is the expansion of Cordelia Cruises. Sky’s planned October 2026 addition and Sun’s November 2027 arrival could increase fleet capacity and revenue potential, provided the company can maintain healthy occupancy and operating economics.
Investors should therefore track the share split separately from the company’s operating performance. The August 26 record date is the immediate corporate-action milestone, while fleet expansion and passenger demand will matter more for the longer-term business outlook.
Source: Waterways Leisure Tourism Limited press release and exchange filing dated August 12, 2026.
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.
