IT Stock Confirms Stock Split: Record Date Set For 1:10 Sub-Division of Shares; What Does It Mean?

Based on a board meeting on September 22, Sigma Solve, a small-cap company in the IT industry, announced the record date for the stock split. A 1:10 stock split, or the division of the company's one equity share with a face value of Rs. 10/-each into ten equity shares with a face value of Rs. 1 each, was declared by the company based on the findings of a board meeting held on August 6, 2025.

Sigma Solve Stock Split Record Date

"We wish to inform you that the Company has fixed Monday, 06th October 2025 as the 'Record Date' for the purpose of :- Determining the members who would be eligible for the, Split/Sub-Division of their existing 1(One) equity share having face value of Rs.10/-(Rupees Ten Only) each into 10(Ten) equity shares of Rs.1/-(Rupees One Only) each," said Sigma Solve in a stock exchange filing.

Sigma Solve Stock Split Details

As the company is undergoing a stock split of its equity share capital the pre-split share capital had an authorized value of Rs. 12,00,00,000, with each share having a face value of Rs. 10. Following the stock split, the total authorized capital remains the same at Rs. 12,00,00,000, but the face value of each share is now Rs. 1. This indicates a 10-for-1 stock split, where each original share is divided into 10 new shares.

Prior to the split, the company had Rs. 10,27,74,980 in paid-up and subscribed capital, comprising 10,277,498 shares. Following the split, there are now 102,774,980 shares, although the total paid-up and subscribed capital is still the same.

Sigma Solve Target Price

"Sigma Solve stock price is slightly bullish but also overbought on the Daily charts, with next resistance at 500. Investors should be booking profits as a Daily close below support of 467 could lead to a target of 410 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst.

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