Stock splits have been announced by Saregama India Limited and Pro Fin Capital Services Ltd and will be witnessed this week. Earlier this month, on April 6, 2022, the Board of Directors of Saregama India announced a 1:10 stock split with a record date of April 27, 2022, and on April 18, 2022, Pro Fin Capital Services announced a 1:10 stock split with a record date of April 29, 2022.
Saregama India Limited
In an exchange filing the company has said "Wednesday, 27th April, 2022 fixed as the Record Date for determining the eligibility of Shareholders, with regard to the sub-division of 1 (one) Equity share of face value of Rs.10/- fully paid-up to 10 (ten) Equity shares of face value of Re. 1/ each fully paid-up, in terms of Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and as approved by the Shareholders through postal ballot by way of electronic means on 31st March, 2022."
Yesterday, Saregama India Limited's stock ended at Rs 4495.60 on the NSE, and on Tuesday's opening session, the stock opened at Rs 454.70, a substantial drop of Rs 4,040.90 (89.89 per cent) as of now. The stock reached a 52-week high of Rs 5,505.85 on 03-JAN-22 and a 52-week low of Rs 451.70 on 26-APR-22, according to NSE data.
Pro Fin Capital Services Ltd
The company has confirmed by informing BSE that "Pursuant to Regulation 42 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 we would like to inform you that the Company has fixed Friday, 29 April, 2022 as the "Record Date", for the purpose of Sub-division of Equity Shares (all the Authorized, Issued, Subscribed and Paid-up Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each shall stand sub-divided into 10 (Ten) Equity Shares of face value of Re. 1/- (One Rupee) each fully paid-up) and ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2 (two) Equity Shares of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1/- each, in accordance with the approval of shareholders in Extra-Ordinary General Meeting held on Monday, 18 April, 2022."
Pro Fin Capital Services' shares ended at Rs 196.10 on the BSE yesterday, while the stock opened with a 52-week high of Rs 205.90 today, up +9.80 (5.00 per cent). Today the stock has touched its 52-week high of Rs 205.90 and it has touched its 52-week low of Rs 26.05 on 11/05/2021.