Investment Alert! Record Date Set For April 15; Will 10:1 Split Lead To Higher Gains?

In India's NBFC industry, Kapil Raj Finance Ltd. is a small-cap business with a market valuation of Rs 80.26 Cr. Since the firm announced the record date for a 10:1 stock split, which was authorized by the shareholders at the EGM on March 26, 2025, the penny stock that was trading on the BSE on Friday at Rs 73.36 per share is probably going to be the focus of attention in the upcoming sessions.

Kapil Raj Finance Stock Split Record Date

"In terms of Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Tuesday, April 15, 2025 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten Only) each, fully paid-up into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One Only) each fully paid-up, as approved by the shareholders in EGM held on March 26, 2025," said Kapil Raj Finance in a stock exchange filing on Thursday.

Kapil Raj Finance Stock Split Announcement Date

The Board of Directors of the company in its meeting held on February 28, 2025 had inter-alia, considered and approved "To sub-divide/split 1 (One) Equity Share of the Company of Rs.10/- each, fully paid-up into 10 (Ten) Equity Shares of face value of Re. 1/- each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company," said Kapil Raj Finance in a regulatory filing.

The purpose of a 10:1 stock split is to enhance the liquidity of equity shares and widen the shareholders' base by making the equity shares more economical to the investors, as per Kapil Raj Finance.

Kapil Raj Finance Share Price Target

"Kapil Raj Finance stock price is bullish on the Daily charts with strong support at 69.9. A Daily close above resistance of 74.8 could lead to a target of 80 in the near term," commented A R Ramachandran, Independent Research Analyst..

Upcoming Stock Split In April 2025

"We wish to intimate you that Enbee Trade & Finance Limited ('the Company') has fixed Friday, April 04,2025 as 'Record Date' for the purpose of determining the eligibility of shareholders of the Company for Sub-division (stock split) of every 1 (One) equity share of face value of Rs. 10.00/- each into 10 (Ten) equity shares of Face Value of Re. 1/- each as approved by the shareholders in EGM held on March 15, 2025," confirmed Enbee Trade & Finance to stock exchanges on Thursday.

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