1:10 Stock Split: Textile Stock Fixes Record Date, Surges 50% In One Year, Do You Own?

United Polyfab Stock Split Record Date: Textile company, United Polyfab Gujarat Limited has fixed record date for the 1:10 stock split it announced while announcing its company results.

A key name in fabric manufacturing and yarn spinning, United Polyfab Gujarat Limited had announced stock split while announcing company results for the quarter ending in March, 2025. However, there was no confirmation about the record date.

A record date is fixed by a company to identify the eligibility of its shareholders for corporate reactions like dividend announcement, bonus issue, etc. In this case, United Polyfab stock split record date will determine the eligibility of the stock for stock split.

United Polyfab Stock Split Record Date

The textile manufacturing firm had fixed 2 May, 2025 as the record date for stock split. Which means that investors holding the company's shares on or before 2 May will be eligible for the stock split.

"Sub-division of 1 (One) Equity Share of the company of the face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) Equity Shares of the Company of face value of Rs. 1/- (Rupees One Only) each fully paid up," read the stock exchange filing by United Polyfab.

United Polyfab Share Price Surge 770% in 5 Years, 50% in One Year

The company shares closed nominally lower at Rs 151 apiece on NSE on Wednesday, April 10. Its stock value has surged nearly 20% in last one month despite market volatility and by nearly 770% in five years. Additionally, its stock market value has increased nearly 50% in one year. Amid continued stock market correction, United Polyfab share price witnessed a decline of 7.44% since 2025.

About United Polyfab Gujarat

It is a leading textile firm based in Ahmedabad. The company announced stock split for its equity shares to make the company more attractive to investors and boosting its market presence.
The company has a robust manufacturing base in Ahmedabad and it is planning to invest in modern machinery and strengthen its product portfolio, which includes cotton yarn, dyed fabric, grey fabric, and denim.

UPGL Promoters Fined For Flouting SEBI Norms

In 2024, the Securities and Exchange Board of India (SEBI), imposed a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Limited. The capital markets regulator had slapped fine on UPGL promoters and other entities over allegations of manipulating the share price of the company. As per SEBI order, these entities had to pay the penalty jointly and severally within 45 days.

SEBI had initiated an inquiry against the company over stock price manipulation. "It was observed that during the IP, the price of UPGL shares at NSE moved from ₹6.05 (on 09.06.2020) to ₹ 59.75 (on 28.01.2021), reached a low of ₹ 5.95 (on 17.06.2020) and closed at ₹18.15 (on 24.11.2021)," read a SEBI order dated February 29,2024.

"...UPGL and Gagan Nirmalkumar Mittal in collusion with other Noticees i.e. Shiv Marketing and Trading, Vishwakarma Trading House, Anilkumar Mangalchand Mittal, Amay Spincot Pvt Ltd, Aditi Anil Mittal and Dhaval Anil Kumar Mittal were engaged in a fraudulent scheme to increase the share price and market capitalisation of UPGL to migrate UPGL from NSE's SME Platform 'Emerge' to the Main Board of the Exchange," SEBI added in its order. The company, in one of NSE filings in March 2024, had stated that it will take necessary steps in the stipulated time as per order passed by the Market Regulator.