Board meeting Outcome for fixing Record date for the purpose of Sub-division of shares
Price
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Padam Cotton Yarns Ltd has fixed Friday, June 27, 2025 as the record date for a stock sub-division. Each existing equity share of face value Rs. 10 will be split into 10 equity shares of face value Re. 1 each. The shareholders had already approved this sub-division through a resolution passed on June 5, 2025. The Board of Directors confirmed the record date at its meeting held on June 7, 2025. Investors who hold shares as of the record date will be entitled to receive the sub-divided shares. This is a 1:10 stock split, which increases the total number of shares tenfold while reducing the per-share price proportionally.
The sub-division makes shares more affordable and improves liquidity for retail investors, though overall market value and shareholder wealth remain unchanged. Expect trading volume to potentially increase post-split as the lower per-share price attracts smaller investors.