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“The Board of Directors of the company at their meeting held today i.e. 15th January 2025 has fixed the Record Date as mentioned below for the purpose of sub-division/ split of the equity shares of the company, such that 1(one) equity share having face value of Rs 10 (Rupees Ten only) each, fully paid up will be sub-divided/ split into 2(two) equity shares having face value of Rs 5 (Rupees Five only) each, fully paid-up: record date: 31/01/2025 (Friday),” the exchange filing read.
A 1:2 stock split means each existing share is divided into two, doubling the number of shares held by shareholders while reducing the stock price by half. However, the total investment value remains unchanged, as the split only adjusts the share count and price per share without affecting the company’s market capitalization.
Additionally, the record date is set by the company to determine eligible shareholders for corporate actions such as buybacks, bonus issues, or stock splits. To qualify, shares must be held in the demat account as of the record date.
Also read: ETMarkets Smart Talk | Infra, defence among top 5 sectors that are likely to benefit most from Budget 2025: Amit Goel
To be eligible for corporate actions such as dividends, stock splits, or bonus issues, shareholders must purchase the stock at least one day before the ex-date, as settlements are processed the following day. Investors who buy the stock on the ex-date will not qualify for these benefits.
Senco Gold stock split history
According to Trendlyne data, this is the first time Senco Gold is undergoing a stock split.The shares of Senco Gold closed 1.6% higher at Rs 908.65 on the BSE on Thursday.
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