The company, which has returned a sharp 354.76% in the past year, had earlier revised the record date of the stock split to January 8 from the original plan of December 31, 2025.
As per the company’s filings with the stock exchanges, the board approved the subdivision of equity shares in the ratio of 1:10, with Rs. 10 each equity share of face value Rs. 1 will be divided into 10 equity shares of face value.
The move aims to increase liquidity and increase the affordability of the stock to a wider set of investors.
The record date for determining shareholders eligible for corporate action is set for January 8. After the split, the stock will trade ex-split, and investors who owned the stock on the record date will see their holdings increase tenfold, while the stock price will adjust accordingly to reflect the new face value.
In the recent past, A-1 Ltd stock has seen both strong upside momentum and short-term volatility. The counter has gained 86% in the last three months, 177.97% in six months and 354.76% in the last one year, making it one of the notable multibagger stocks on the street.
However, short-term price action has been mixed with a fall of 16.16% in the last one month.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)
