Sub-Division/Stock Split of Equity Shares will take effect under the new ISIN of the Company
Price
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Avax Apparels and Ornaments is splitting each of its equity shares into two. Currently, one share has a face value of ₹10; after the split, each share will have a face value of ₹5. The record date for the split is Friday, March 27, 2026. The split will happen under a new ISIN (INE0NQ401024), which has already been activated by both NSDL and CDSL depositories as of March 19, 2026. Investors holding shares as of the record date will automatically receive twice the number of shares, with the total value of their holding remaining unchanged. The old ISIN (INE0NQ401016) will be replaced by the new one.
Shareholders will hold double the number of shares after March 27, 2026, but the per-share price is expected to adjust proportionally, so the overall investment value stays the same. A split can improve liquidity and make the stock more affordable for smaller retail investors, which may support trading interest in the short term.