1st-ever stock split: Multibagger small-cap stock Pavna Industries continued its winning streak for the third straight session on Wednesday, August 13,
after announcing the record date for its 10:1 stock split.
The stock price surged 4.8% to touch the day’s high of Rs 413.55 on the BSE. Over the last three trading sessions, it has gained nearly 15%.
Stock split announcement
Earlier in July, the company’s board approved the sub-division of one equity share of Rs 10 each into 10 equity shares of Rs 1 each.
"Sub-division/ Split of equity shares of the Company, such that 1 (One) Equity Share of Face Value Rs. 10/- (Rupees Ten Only) each fully paid up, be Sub-divided / Split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One Only) each fully paid up, subject to necessary approvals," the company informed in its July 2 dated exchange filing.
A stock split increases the number of shares in circulation without affecting the company’s overall market capitalization or the total value of an investor’s holdings.
Stock split record date
On Friday, August 8, after market hours, Pavna Industries fixed Monday, September 1, as the record date to determine shareholder eligibility for the split.
“We wish to inform you that the Board of Directors has fixed a Record date for the purposes of ascertaining the eligibility of shareholders entitled for sub-division/Split of existing Equity Shares,” the company said in the same filing.
Expansion near Jewar Airport
In a separate development, Pavna Industries disclosed that it has acquired an additional 4.96 acres of land near the upcoming Jewar Airport in Uttar Pradesh. This adds to the 4.64 acres it purchased in July 2025.
In an exchange filing , the company said the acquisition aligns with its long-term capacity building and infrastructure expansion strategy to meet rising market demand.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
