Chemical Stock of Rs 20 Proposes 1:10 Stock Split, Shares Hit 52-Week-high; Details Here

On Monday, Bluegod Entertainment Ltd.'s shares touched the upper circuit at Rs 22.08, which was also its fresh 52-week-high with a 1.99% rise from the previous close, demonstrating the company's excellent share price performance on the Bombay Stock Exchange (BSE). Following the board's recent approval of a 1:10 stock split-a move intended to improve liquidity and draw in a wider range of retail investors-investor excitement has been a major factor in its upward momentum. With its price rising from a 52-week low of Rs 5.62 to its existing high, the stock has produced outstanding gains over the last 12 months.

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The Board of Directors of the company at their meeting held on today i.e Wednesday, 16th July, 2025. have considered and approved "Subject to the statutory approvals including approval of Shareholders of the Company, the Board of Directors have approved the sub-division/ split of equity shares of the Company, such that 1 (One) Equity Share of Rs. 10 (Rupees Ten Only) each fully paid up, be sub-divided/split into 10 (Ten) Equity Shares having face value of Rs. 1 (Rupee One Only) each fully paid up. The Record Date for sub-division/split of existing Equity Shares shall be decided after obtaining requisite approval of the Shareholders of the Company and will be intimated in due course," said Bluegod Entertainment in a stock exchange filing.

"This stock split is aimed at enhancing the liquidity of the Company's shares in the market and making them more accessible to retail investors," Bluegod Entertainment further informed the BSE.

The company's authorized share capital of Rs 56 crore has not altered as a result of this stock split. However, 56 crore equity shares of Rs 1 each will replace the previous structure of 5.6 crore equity shares of Rs 10 apiece. The total paid-up capital will remain at Rs 55.05 crore, but the subscribed and paid-up capital will shift from 5,50,55,095 shares of Rs 10 each to 55,05,50,950 shares of Rs 1 each.

Following shareholder approval, the record date for the share split will be declared.

Started in 1984 the company is based in Indore and has its roots in the manufacturing of SSP (Single Super Phosphate) fertilisers and HDPE/PP (High Density Polyethene, Polypropylene) woven sacks for industrial packaging. But it's been shifting toward entertainment in the last year, investing in regional content, film rights, and original production.

Bluegod Entertainment's directional approach and strong financial performance are a clear indication that we are ready to meet the increasing demand for regional and original content in India. The new proposed stock split has become the latest reason for investors to take interest in the revolutionary fertilizer company that still has its pioneering ties in agrochemicals.