Intimation of Record Date for Stock Split/Sub Division of Shares
Price
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Awaiting price reaction for this filing.
Avax Apparels and Ornaments Ltd has fixed Friday, March 27, 2026, as the record date for sub-dividing (splitting) its equity shares. Under the sub-division, each existing equity share with a face value of ₹10 will be split into 2 equity shares with a face value of ₹5 each. The total paid-up share capital of the company remains unchanged at ₹1,03,91,580. Shareholders who hold shares as of the record date will automatically receive the additional shares in their demat accounts. The split aims to make the share price more affordable and improve liquidity in trading.
This stock split doubles the number of shares held by each shareholder while halving the per-share price, with no change in total investment value. The lower share price post-split may attract more retail investors and improve trading liquidity, which is generally seen as a positive sentiment signal.