Record date fixed for sub-division: ₹10 share to split into 5 shares of ₹2 each

Azad India Mobility Ltd has fixed Friday, October 23, 2026 as the record date for its stock split.

Tue 6 Oct 2026

Record Date

Friday, October 23, 2026

Split Ratio

Each equity share of face value ₹10 sub-divided into 5 equity shares of face value ₹2 each

Shareholder Approval

Approved by shareholders at the 65th AGM on September 28, 2026

The company has told the exchanges that it has fixed the record date for splitting its equity shares.

What has been fixed

• Record Date: Friday, October 23, 2026.
• Purpose: to determine the eligibility of equity shareholders entitled to the sub-division (stock split) of the company's equity shares.

What the split involves

• Each equity share having a face value of ₹10 (Rupees Ten only), fully paid-up, will be sub-divided into 5 (Five) equity shares having a face value of ₹ 2/- (Rupees Two each).
• The new shares rank pari passu in all respects, that is, they carry the same rights as the existing shares.
• The split was approved by the equity shareholders at the 65th Annual General Meeting held on September 28, 2026.
• The company had earlier intimated the proposed sub-division/split on August 13, 2026.

What a record date means

A record date is the cut-off date a company uses to decide who is recorded as a shareholder for a corporate action. Shareholders holding the shares on the record date are the ones entitled to the sub-divided shares.

What it means for a retail shareholder

• If you hold 1 share of face value ₹10, you will hold 5 shares of face value ₹ 2 each after the split.
• The number of shares in your demat account rises, while the face value per share falls in the same proportion.
• The total paid-up share capital of the company does not change; only the number of shares and the face value per share change.

Numbers to note

• Face value before the split: ₹10 per share.
• Face value after the split: ₹ 2 per share.
• Ratio: 1 share of ₹10 becomes 5 shares of ₹2.

Timeline at a glance

• August 13, 2026: earlier intimation about the sub-division/split of equity shares.
• September 28, 2026: shareholders approve the split at the 65th Annual General Meeting.
• October 23, 2026: record date for the split.

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