AVAX Apparels Stock Splits 1:2, Record Date March 27, 2026

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AuthorAarav Shah|Published at:
AVAX Apparels Stock Splits 1:2, Record Date March 27, 2026
Overview

AVAX Apparels and Ornaments Limited has announced a 1:2 equity share sub-division, set for March 27, 2026. The company will split its ₹10 face value shares into two ₹5 shares each, aiming to make the stock more affordable and liquid for investors.

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AVAX Apparels Approves 1:2 Equity Share Sub-division

AVAX Apparels and Ornaments Limited has announced a 1:2 equity share sub-division. The corporate action, with a record date set for March 27, 2026, will split each existing share carrying a ₹10 face value into two shares of ₹5 face value each.

The move is intended to enhance the stock's accessibility for retail investors and improve trading liquidity. While the total number of outstanding shares will double and the face value per share will halve, the company's overall market capitalization is not expected to change as a direct result of the split.

Shareholders will receive two new shares for every one share they currently hold. These newly sub-divided shares will be traded under a new ISIN: INEONQ401024. Investors should ensure their demat accounts are updated to reflect the increased share quantity after the effective date and can monitor trading activity for potential changes in liquidity and price discovery.

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