Stock split record date fixed at Oct 23, 2026; 1 share of Rs 10 to become 5 of Rs 2
AZADIND · price
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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.
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Azad India Mobility has fixed Friday, October 23, 2026, as the record date for its stock split. Each equity share with a face value of Rs 10 will be split into 5 equity shares with a face value of Rs 2 each, fully paid up, ranking pari passu. The split was approved by shareholders at the 65th AGM on September 28, 2026. The company had first intimated the split plan on August 13, 2026.
Shareholders on record Oct 23 get 5 shares of Rs 2 for every 1 share of Rs 10. Share count rises 5x; price adjusts down proportionally.