Record date fixed for 1:5 stock split, shares of face value Rs 1 each
BANSALWIRE · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.7 pts less 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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Bansal Wire Industries has fixed October 16, 2026 as the record date for sub-dividing equity shares. Each share of face value Rs 5 will be split into 5 shares of face value Rs 1 each, fully paid-up. The split was approved by shareholders at the AGM held on September 17, 2026. Shareholders holding shares on the record date will be eligible.
Stock split improves liquidity and affordability. Share price adjusts downward proportionally; no change in total investment value.