Fynx Capital Advances 1:10 Stock Split With New ISIN INE455H01021, Guiding Liquidity and Trading Future

Fynx Capital Limited, formerly Rajath Finance Limited, is drawing attention as its share price eases while a 1:10 stock split and new ISIN move towards completion. The face value cut from Rs 10 to Rs 1, effective from the record date of February 25, 2026, is aligned with the company’s broader capital restructuring exercise.

The subdivision has already triggered operational changes in the depository systems. National Securities Depository Limited activated the new ISIN for the split shares, and Central Depository Services (India) Limited later enabled trading and credit of these securities in demat accounts, signalling that the process is well advanced.

Under the approved corporate action, each existing equity share with a face value of Rs 10 is being converted into ten shares with a face value of Rs 1 each. This change preserves overall investment value in rupee terms while increasing the number of shares, which may affect liquidity and trading behaviour once the split reflects in investor holdings.

The fully paid-up equity shares with a face value of Rs 1 each now carry the ISIN INE455H01021. On February 16, 2026, NSDL confirmed through a letter that ISIN INE455H01021 had been activated for the subdivided shares. MUFG Intime India Private Limited continues to act as registrar and transfer agent for Fynx Capital.

Following NSDL’s activation, the same ISIN was made live in CDSL’s platform. In a statement dated February 17, 2026, the company noted that the new code is fully operational in CDSL’s system, enabling seamless credit of the additional shares and regular trading in dematerialised form once the split becomes effective for all stakeholders.

As of February 18, 2026, Fynx Capital Ltd (BSE: 507962) is quoted at Rs 67.79. The share price declined around 2% from the previous close and hit the lower circuit limit, reflecting short-term selling pressure even as the security remains active due to the upcoming corporate action and recent strong historical gains.

Metric	Value
Share price (February 18, 2026)	Rs 67.79
One-year return	Over 366%
52-week low	Rs 14.52
52-week high	Rs 76.56
Market capitalisation	Rs 135.58 crore
Return on Equity (ROE)	-14.60%
Return on Capital Employed (ROCE)	-18.96%

The stock has shown extreme volatility, moving between a 52-week low of Rs 14.52 and a peak of Rs 76.56. Despite the recent decline, Fynx Capital has delivered multibagger returns of over 366% in the last year. The company is classified as a micro-cap Non-Banking Financial Company, with a market value of around Rs 135.58 crore.

Profitability metrics highlight challenges in capital efficiency. A Return on Equity of -14.60% and a Return on Capital Employed of -18.96% suggest current earnings do not cover the cost of capital. These indicators are important for investors tracking sustainability of performance, especially after a sharp re-rating in the share price over the previous twelve months.

Fynx Capital share price outlook and target price

"Fynx Capital stock price is bearish on the Daily charts with strong resistance at 70.8. A Daily close below support of 66 could lead to a target of 60.4 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

The technical view suggests caution for short-term traders. Resistance near Rs 70.8 may limit upside unless buying interest strengthens. A sustained close below Rs 66, as highlighted in the commentary, could potentially open further downside towards Rs 60.4 in the near term, even as longer-term returns remain elevated.

Alongside these trading signals, the 1:10 stock split remains a key event. With the record date fixed as February 25, 2026, the share is likely to remain in focus. The activation of ISIN INE455H01021 across NSDL and CDSL systems supports completion of the subdivision, after which shareholders are expected to hold ten Rs 1 shares for every earlier Rs 10 share.

The company has stated that demat credits and trading under the revised structure will follow the approved ratio and timelines. Fynx Capital’s combination of high past returns, negative profitability ratios, active technical levels and an imminent stock split leaves the counter closely watched by market participants monitoring NBFCs and micro-cap names.

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