Stock Split In 13 Years! Multibagger Small Cap Announces 1:5 Stock Split; Shares Up 23% in 2025; Do You Own?

Stock Split News: Steelcast shares closed 2% higher on Thursday, days after the BSE SmallCap company announced a stock split of 1:5. The company has also fixed record date for the stock split.

Steelcast shares closed 2.05% higher at Rs 1055.2 per share on BSE on Thursday with a market capitalisation of Rs 2,135.72 crore. The stock had touched an intraday high mark of Rs 1055.2 per share on BSE and an intraday low mark of Rs 1039 per share.

Steelcast Stock Split Record Date

The company had earlier announced a stock split in the ratio of 5:1 for its shareholders. Additionally, the company's board of directors had also approved an interim dividend for the financial year 2025-26. The record date for both purpose has been fixed by the company's board of directors.

"Approved sub-Division/split of 1 (one) Equity Share of face value of Rs. 5/- (Rupees five only) each, into 5 (five) equity shares of face value of Rs. 1/- (Rupee one only) each," noted the company in a BSE filing in May.

Recently, the firm had announced a dividend for its shareholders and had also fixed the record date for the stock split. The board of directors had fixed 29 August as the dividend record date.

"Fixed 29.08.2025 as the Record Date for the purpose of Sub-division/Split of Equity Shares, subject to the approval of Sub-division/Split by the shareholders at the 54th Annual General Meeting," stated the company in a BSE filing on 31 July.

While the company regularly announces dividend for its shareholders, it has announced stock split for the first time in nearly thirteen years.

Steelcast Dividend Record Date

The company's board of directors had approved a 36% first interim dividend for FY26. "Declared First Interim Dividend for FY 2025-26 @ Rs. 1.80 per equity share of Rs. 5/- each (i.e. 36%) which will be paid within 30 days of the date of declaration, i.e. on or before 30th August, 2025," according to the BSE filing.

Steelcast's board had fixed 8 August as the record date to determine the eligibility of the shareholders for the dividend purpose. A company fixes a record date to identify the eligibility of the shareholders for the corporate action. All those investors who will be holding the Steelcast shares on or before the dividend record date would be eligible for the corporate action, be it dividend or stock split.

Steelcast Share Price Trend

Steelcast shares ended higher at Rs 1055.2 per share on BSE on Thursday. The stock value has increased around 3% in a week, but has declined around 9.95% in a month. Since the beginning of the year 2025, the stock has surged around 23%. Additionally, the stock has surged around 126.97% in three years. Steelcast shares hit a 52-week high mark of Rs 1,275.25 per share on BSE on 30 July, 2025. The stock dipped to a 52-week low mark of Rs 627.4 apiece on 20 August, 2024.