Azad India Mobility fixes Oct 23 record date for 1:5 stock split

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AZADIND · price

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Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹81.00

prior close

₹81.89

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+1.6% vs market

Iron & Steel Products peers, median of 110sector-0.0%+1.4% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.7

15m

+0.7

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4-0.2+1.6-0.0+1.4

Next day

+2.5-3.0+5.5-2.6+5.1

+1.9-2.7+4.6-2.0+3.9

+2.5-1.9+4.4-1.8+4.3

+1.6-1.7+3.3-1.2+2.8

+0.4-1.0+1.4-1.3+1.6

-1.0-2.0+1.0-2.1+1.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 110Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Azad India Mobility has fixed Friday, October 23, 2026 as the record date for its stock split, previously approved by shareholders at the 65th AGM on September 28, 2026. Each equity share with face value Rs. 10 will be sub-divided into 5 equity shares of face value Rs. 2 each, fully paid up, ranking pari passu. Shareholders on the record date will be eligible for the split. The split aims to improve liquidity and make shares more affordable for retail investors.

Likely market impact

Shareholders get 5 shares of Rs. 2 for each Rs. 10 share held. No change in overall investment value; typically boosts liquidity and retail participation.