Automobile Stock To Rollout 1st Ever Stock Split This Week; Cancels Bonus Issue Proposal; Buy Now?

The Board of Directors of Rolex Rings Ltd., a small-cap company in the automobile and auto components industry, has announced that it will convene this week, on September 4th to deliberate and authorize a stock split. The company previously announced that its Board of Directors would meet on September 3rd to discuss bonus shares and stock split. However, the meeting was cancelled later, and on September 1st, the company again notified stock exchanges that its Board would meet on September 4th to discuss only stock split action and not bonus shares, which would be the company's first corporate action since its founding.

Rolex Rings Stock Split

"We would like to inform you that the Meeting of Board of Directors of the Company is scheduled to be held on Thursday, 04th September, 2025 to consider the following business: 1. To consider the proposal of Sub-Division of face value of equity shares of the Company, subject to approval of members of the Company. In view of the above event, the Trading Window for dealing in the securities of the Company shall remain closed from 01st September, 2025 to 04th September, 2025 (both days inclusive)," said Rolex Rings in a regulatory filing.

"Regarding trading restriction period and in terms of the Company's code of conduct to Regulate, Monitor and Report Trading by Directors, Promoters and Designated Persons the trading window for dealing in securities of the company shall remain closed from 01st September, 2025 till the conclusion of Board Meeting to be held on 04th September, 2025 for consideration of Proposal for Sub-Division of face value of equity shares of the company, subject to approval by shareholders in General Meeting. This closure of Trading window is occasioned by reason of the Corporate Action announcement by the company," Rolex Rings informed stock exchanges.

Rolex Rings Q1FY26 Financial Highlights

With a total income of Rs 307.2 crore for the first quarter of FY26, Rolex Rings recorded a 2.8% year-on-year decline from Rs 316.0 crore, but a 4.6% sequential rise from Rs 293.8 crore. While revenue from operations was lower at Rs 291.6 crore in the quarter that ended in June 2025 than it was in Q1FY25, at Rs 310.8 crore.

In Q1FY26, the total expenses totalled Rs 239.2 crore, down from Rs 249.4 crore in the same period last year. The net profit for the period was Rs 49.2 crore, slightly down 1.5% YoY from Rs 49.9 crore and 10% down sequentially from Rs 54.6 crore. The profit before tax was Rs 68.0 crore, up 2.1% YoY and up 37.8% QoQ.

Rolex Rings Target Price

"Rolex Rings stock price is bearish on the Daily charts with strong resistance at 1460. A Daily close below support of 1389 could lead to a target of 1327 in the near term," commented A R Ramachandran, independent research analyst.

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