10:1 Stock Split: Board Confirms Record Date; Buy V2 Retail Shares?

V2 Retail Limited has declared that the Board of Directors has set a record date for its upcoming stock split based on a meeting that took place on March 11. Founded in 2011, V2 Retail Ltd. is an Indian fashion retail store with its headquarters located in New Delhi. As of March 12, 2026, V2 Retail Ltd (V2RETAIL) shares are trading at Rs 1,968.50 on the National Stock Exchange (NSE), indicating a small intraday gain of 0.06% after the notification of the record date for the 10:1 stock split. On March 8, 2026, shareholders approved the 10:1 subdivision, which aims to improve liquidity in the company's equity shares and make them more affordable for retail investors, thereby enhancing shareholder participation in the equity market.

V2 Retail Stock Split Record Date

For the purpose of 10:1 stock split, i.e., existing 1 equity share having a face value of Rs. 10/- each, subdivided into 10 equity shares having a face value of Rs. 1/- each, fully paid-up, the Board of Directors of V2 Retail have fixed March 26, 2026 as the record date.

V2 Retail Stock Split Details

By subdividing equity shares, the corporation has proposed a change in its share capital structure that will modify the number and face value of shares while maintaining the same total capital value. Prior to the subdivision, the company's authorized equity share capital was made up of 4,00,00,000 equity shares, each worth Rs 10, for a total of Rs 40,00,00,000. The corporation also possessed 4,00,000 preference shares, each for Rs 146, for a total of Rs 5,84,00,000. The entire authorized share capital was Rs 45,84,00,000.

The number of shares and face value of the authorized equity share capital will be drastically altered after the subdivision. The total authorized capital will stay at Rs 45,84,00,000, but the face value of each equity share will be lowered from Rs 10 to Rs 1, increasing the number of authorized equity shares to 45,84,00,000 shares. This implies that even while the number of shares rises, the total capital remains constant.

Similarly, the issued, subscribed and paid-up equity share capital will also undergo a proportional change. The company held 3,64,63,755 equity shares with a face value of Rs 10 apiece prior to the subdivision, totalling Rs 36,46,37,550 in paid-up capital. Following the subdivision, the total paid-up capital will stay at Rs 36,46,37,550, but these shares would be altered into 36,46,37,550 equity shares having a face value of Rs 1 each.

V2 Retail Target Price

"V2 retail seems very attractive due to the latest announcement that it has set March 26, 2026 as the record date for implementing 10:1 equity share sub-division, converting existing Rs. 10 face value shares to Re. 1 each. This is in addition to the strong Q3 performance with net profit jumping 95% to Rs. 993 million and revenue growing 58% to Rs.9.30 billion compared to the previous year. Technically, it is at a very good support of long term trendline, initiated from the low of 30 October 2024, forming consequent higher lows on weekly, with neutral RSI and mild bullish MACD on Daily. It seems to be a good buy at Rs.1751, with stop loss of Rs.1551 and target of Rs.2251, Rs.2301 & Rs.2351 as multiple targets," commented Market Wizard's Adib Noorani.

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