1:10 Stock Split Alert! Board Revises Record Date; Buy This Small-Cap Auto Stock?

The board of directors of Rolex Rings Ltd., a small-cap firm in the automobile sector, has changed the record date for the 1:10 stock split. The company had previously set September 19 as the record date for the sub-division of the face value of equity shares from Rs. 10/-each to Re. 1/-each fully paid up, but this has now been changed to the first week of October. In addition to increasing the liquidity of the company's shares in the market, the sub-division of Rolex Rings' equity shares will make the shares more appealing and reasonably priced, which will encourage more retail investors to participate.

Rolex Rings Stock Split Record Date

"We would like to intimate to the Exchanges that the Record Date earlier intimated for the purpose of determining Members entitled to Sub Division of the equity shares has been revised by the Board of Directors of the company," said Rolex Rings in a stock exchange filing.

The revised record date is 04th October, 2025.

"This is in continuation of the Board Meeting of the company held on 04th September, 2025 wherein, the Board had recommended the sub division of face value of the equity shares of the company from Rs. 10/- to Re. 1/- each as fully paid up," Rolex Rings further informed stock exchanges.

Rolex Rings Stock Split Details

"The Board of Directors at its meeting held on September 04, 2025, subject to approval of Members of the Company and statutory authority(ies), if any, had approved the subdivision/split of equity shares of the Company such that 1(One) Equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, be sub-divided into 10 (Ten) Equity shares having face value of Re. 1/- (Rupee One only), ranking pari-passu in all respects with effect from such date as may be fixed for this purpose by the Board," said Rolex Rings in a report.

"In the opinion of Board of Directors, the proposed subdivision/split of equity shares will enhance the liquidity of the equity shares of the company and will make them more affordable. It is also expected that it will encourage participation of investors at large and therefore, it is in best interest of the investors and the company," Rolex Rings said in its FY25 annual report.

The company has approved a sub-division of its equity shares, reducing the face value from Rs 10 each to Rs 1 each. As a result, the authorized share capital has remained at Rs 35,02,50,000, while the number of equity shares has grown from 3,50,25,000 to 35,02,50,000. In a similar vein, the capital of issued, paid-up, and subscribed equity shares has been changed from 2,72,33,312 equity shares worth Rs 10 each to 27,23,33,120 equity shares worth Rs 1 each, while the total capital stays at Rs 27,23,33,120.

Rolex Rings Target Price

"Rolex Rings stock price is bearish on the Daily charts with strong resistance at 1429. A daily close below support of 1381 could lead to a target of 1327 in the near term," commented A R Ramachandran, independent research analyst.

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