1:10 Stock Split: Low-Priced NBFC Stock Surges 4% After Record Date Announcement-Will You Buy?

A micro-cap stock surged 4 percent following the announcement of a record date for its 1:10 stock split. The NBFC stock has seen investors interest in the past few days as the company decided to split its shares. This stock split will provide liquidity and make shares more affordable for its investors.

AKME Fintrade Stock Split Details

The company, in an exchange filing, announced that, "In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AKME Fintrade has announced a stock split. The Board of Directors has fixed Friday, April 18, 2025, as the Record Date to determine shareholder eligibility for the stock split.
Under this stock split, each existing equity share with a face value of Rs.10 will be subdivided into 10 equity shares with a face value of Rs.1 each, fully paid-up. This move aims to enhance stock liquidity and make shares more accessible to investors.

Record Date for Stock Split

The record date for the stock split has been set as April 18, 2025. On this date, shareholder eligibility will be determined for the subdivision/split of equity shares.

As per the approved split, each fully paid-up equity share with a face value of ₹10 will be sub-divided into 10 equity shares with a face value of ₹1 each.

Akme Fintrade India Ltd. Share Price Movement

Shares of Akme Fintrade India Ltd were trading at ₹68.39 on Wednesday at the time of writing, marking a gain of ₹2.83 (4.32%).

The stock reached a 52-week high of ₹134.00 on June 27, 2024, and a 52-week low of ₹65.00 on March 17, 2025. Investors are closely watching its movement amid changing market trends.

About Akme Fintrade India Ltd.

Akme Fintrade India Ltd is a non-banking financial company (NBFC) that provides financial services, primarily focusing on lending solutions for individuals and businesses. The company specializes in offering vehicle loans, MSME loans, gold loans, and other retail financing products, catering to both urban and rural markets.

Established with the vision of enabling financial inclusion, Akme Fintrade has built a strong presence across multiple regions in India. It operates with a customer-centric approach, ensuring easy access to credit for small businesses and individuals who may not have traditional banking support.