Geekay Wires Limited has informed the Exchange that the Board of Directors at its meeting held on October 17, 2025, has considered and approved subdivision of 52260000 equity shares of 2 each into 104520000 equity shares of 1 each.
GEEKAYWIRE · price
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Geekay Wires Limited's Board of Directors, at a meeting held on October 17, 2025, approved a subdivision (stock split) of its equity shares. Each existing equity share with a face value of ₹2 will be split into 2 equity shares with a face value of ₹1 each. As a result, the total number of shares will increase from 5.226 crore to 10.452 crore, while the total share capital value remains unchanged. This move is typically aimed at improving liquidity and making the stock more affordable for retail investors.
The stock split doubles the number of shares and halves the price per share proportionally, making the stock more accessible to smaller investors and potentially improving liquidity. Shareholders' overall holdings and the company's market value remain unaffected, though short-term price volatility around the record date is common.