Waterways Leisure Tourism Ltd, which operates Cordelia Cruises, has received shareholders’ approval for the sub-division of its equity shares in a 1:10 ratio through postal ballot.
Under the approved proposal, each existing equity share with a face value of ₹10 will be split into 10 equity shares of ₹1 each. The company has fixed August 26, 2026 as the record date for determining shareholders eligible for the subdivided shares.
Share count to rise to 72.39 crore
The share split is aimed at making the company’s equity more accessible to a wider investor base, particularly retail investors, while improving participation and liquidity in the secondary market.
The paid-up share capital will remain unchanged at ₹72.39 crore. However, the number of shares will increase from 7.24 crore shares of ₹10 each to 72.39 crore shares of ₹1 each.
Cordelia Cruises expands fleet
The company currently operates Empress and plans to add Sky in October 2026 and Sun in November 2027. The expansion is expected to strengthen its capacity and support the development of India’s cruise tourism ecosystem.
“The decision reflects our commitment to making participation in our growth journey more accessible to a wider base of investors, while supporting greater liquidity and engagement in our equity,” said Waterways Leisure Tourism, Chairman, Executive Director and CEO Jurgen Bailom.
Cruise tourism gains momentum
“As we continue to expand Cordelia Cruises and invest in the next phase of our fleet and business, we remain focused on building a sustainable, differentiated and scalable cruise tourism platform in India,” he said.
Since commencing operations, more than 7.8 lakh guests have travelled with Cordelia Cruises across its domestic and international itineraries, reflecting growing interest in cruise holidays among Indian travellers.