With reference to the above captioned subject and in continuation to the intimation dated June 13, 2025 regarding Sub-division/ Split of Equity Shares of Elitecon International Limited ....
ELITECON · price
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Elitecon International Limited has announced the activation of a new ISIN (INE669R01026) for its sub-divided equity shares. Each equity share with a face value of Rs. 10 is being split into 10 equity shares with a face value of Re. 1 each (a 10:1 stock split). The Record Date for the sub-division is Wednesday, June 25, 2025. Both NSDL and CDSL have confirmed activation of the new ISIN effective June 20, 2025. This filing is a continuation of the company's earlier intimation dated June 13, 2025 regarding the split decision.
The 10:1 stock split will make shares more affordable for retail investors and may improve liquidity and trading volumes. While the company's overall market capitalisation remains unchanged, the share price will adjust downward proportionally (e.g., a Rs. 100 share would trade around Rs. 10 post-split).