Stock Split 2022: A listed company announces stock subdivision to increase its trading volume by attracting some additional investors as the share price is low. Due to increase in business volume and stock split, the net investment value of shareholders remains the same but its number of shares increases according to the proportion of stock split. Therefore, after a stock split, an increase in the share price leads to higher returns for long-term shareholders. Therefore, a long-term investor primarily looks at the fundamentals of the company but thereafter the investor also looks at the company’s history of issuing dividends, bonuses, stock splits, etc.
for such Share Market There is good news for investors. HLE Glascoat, TPL Plastech, Global Education, Axita Cotton and Anjani Foods are going to trade ex-split next week. Here we list the complete details in this regard:
1]HLE Glasscoat: The Company’s Board of Directors has set 19 October 2022 as the record date for the stock subdivision. The stock split has been announced on ex-date basis, which means the stock ex-split will trade on Tuesday, 18 October 2022 i.e. next week. The Board of the Company has also announced stock subdivision in the ratio of 5:1.
HEL Glasscoat quoted the stock split record date as saying, “This is in respect of sub-division of equity shares from the face value of Rs 10 each to the face value of Rs 2 in respect of our communication dated October 7, 2022. Price continues till full. Paid with effect from October 19, 2022. (record date).”
2]TPL Plustech: The Board of Directors of this small-cap company has announced 20 October 2022 as the Record Date for the Stock Subdivision. The Company’s Board has already declared 20 October 2022 as the record date for stock split in the ratio of 5:1:
The small-cap company informed the stock exchanges, citing the stock split record date, “The company has set Thursday, October 20, 2022, as the ‘record date’ for the purpose of determining the eligibility of shareholders for the purpose of sub-division. Each 1 (one) fully paid-up equity share of face value of Rs.10/- each divided into 5 (five) fully paid-up equity shares of face value each in the share capital held on 28th September, 2022 As approved by the shareholders at the 29th Annual General Meeting of the Company.
3]Global Education: The company board has announced the record date for the stock split as 20 October 2022. The Board of the Company has declared the stock subdivision in 5:1 ratio, which means one equity share of face value 10 will be divided into five equity shares of face value 2.
4]Akshita Cotton: One of the multibagger stocks of the Indian stock market, Axita Cotton Limited has fixed the record date for the stock split as October 21, 2022. The board of small-cap companies has already declared stock subdivision in the ratio of 10:1. As per the information available on BSE website, Axita Cotton Limited has announced the sub-division of shares of existing shares. 10 per equity share in 10 shares of Rs.1 per equity share.
Axita Cotton Limited said, “The members of the Company in its 9th (Ninth) Annual General Meeting approved the sub-division of the nominal/face value of 1 (one) equity share each 10/- each of 10 (ten) equity shares of nominal / face value of 1/- each,” the company informed in its exchange communication.
5]Anjani Foods: The small-cap company has set October 21, 2022 as the record date for the stock split. The company has announced a split of its stock with 10 each in five equity shares 2 each.
The small-cap company said about the stock split decision, “As per Regulation 42 of SEBI (LODR) 2015, the company has fixed Friday, i.e., October 21, 2022, as the record date, so that the names of the shareholders are 10/- for split/sub-division of equity shares of Rs.2/- into five (5) equity shares of Rs.
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