Record date for Sub Division / Split of Equity Shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sprayking Ltd has fixed Tuesday, August 12, 2025 as the record date for the sub-division (split) of its equity shares. Each existing equity share with a face value of Rs. 2 will be split into 2 equity shares with a face value of Re. 1 each, fully paid-up. The decision was approved by the Board of Directors at a meeting held on July 29, 2025. The record date is meant to determine which shareholders are eligible to receive the split shares. The total face value of capital remains unchanged — only the denomination and share count change.
Eligible shareholders will see their share quantity double while the share price adjusts proportionally downward around the ex-date, so the overall value of their holding stays the same. Stock splits can improve liquidity and make shares more affordable for retail investors, but do not change the company's fundamentals or market capitalisation.