Record Date Fixed at October 30, 2026 for 1:2 Stock Split (Rs. 10 to Rs. 5 Face Value)
Shareholders approved a stock split at the AGM held on September 28, 2026.
- Split Ratio
- Every 1 existing share becomes 2 shares
- Face Value Change
- From Rs. 10/- to Rs. 5/-
- Record Date
- Friday, October 30, 2026
- AGM Approval Date
- September 28, 2026
What was announced
The company has intimated the exchanges, under Regulation 42, of the record date for its stock split.
- Members approved the sub-division at the Annual General Meeting held on Monday, September 28, 2026.
- The Board has fixed Friday, October 30, 2026 as the record date to determine eligible shareholders.
The ratio
- Face value of each equity share is sub-divided from Rs. 10/- each to Rs. 5/- each.
- Every 1 existing fully paid-up equity share becomes 2 equity shares of Rs. 5/- each, fully paid-up.
What it means for a shareholder
A stock split does not change the money you have invested or the company's underlying business. If you hold shares as on the record date, the number of shares in your demat account doubles, while the face value per share halves. The total face value of your holding stays the same.
The company's stated reason
The update says the split will help the company achieve more tradability, and shareholders will receive more shares while maintaining market value stability at the same time.
Points to watch
- Eligibility is based on holdings as on the record date, Friday, October 30, 2026.
- The exchanges issue their own notification confirming the record date, which the company has requested.
Also from Meenakshi India
Letter to physical shareholders on stock split, demat-only credit and record date
5 Oct 2026
Sub-division of equity shares from face value of Rs.10/- to Rs.5/- each; record date fixed as October 30, 2026
3 Oct 2026
Capital Clause of MOA altered after share face value split from Rs. 10 to Rs. 5
29 Sep 2026
More numbers
- Existing face value per equity shareRs. 10/-
- New face value per equity shareRs. 5/-
- Existing shares sub-divided1 (One) existing Equity Share
- Shares received after split2 (Two) Equity Shares
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