Rolex Rings Ltd., informed the exchanges on Thursday, September 4, that its board has approved the sub-division of its equity share, subject to shareholder approval.Rolex Rings will split one share having a face value of ₹10 into 10 shares, which will carry a face value of ₹1 each, it said in an exchange filing.
Record date for the stock split will be intimated in due course.
This is the first instance that the company will be splitting its equity shares. It has never issued bonus shares to shareholders either.Companies generally carry out a stock split to make it easier for shareholders to buy or sell their shares, as it increases the liquidity in the stock. A stock split divides a company’s stock into more shares, lowering the price and increasing the number of shares available to trade.
Shares of Rolex Rings Ltd. are trading 1.97% higher on Thursday, post the announcement at ₹1,426.80. The stock has fallen 24% so far in 2025.
