Elitecon International Announces 1:10 Stock Split, Shares to Trade Ex-Split on Wednesday

1 min read     Updated on 24 Jun 2025, 08:39 AM
scanxBy ScanX News Team
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Overview

Elitecon International Ltd. (ISIN: INE669R01018) has declared a 1:10 stock split effective June 25, which is both the ex-split and record date. The company's stock has seen a 390.00% year-to-date return. Shareholders at the close of trading on June 24 will be eligible for the split. While the split increases share count and decreases per-share price, it doesn't alter the company's fundamental value or an investor's overall stake.

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*this image is generated using AI for illustrative purposes only.

Elitecon International Ltd. (ISIN: INE669R01018) has announced a significant corporate action that is set to impact its shareholders. The company's shares will trade ex-split from Wednesday, June 25, following a 1:10 stock split decision. This move comes as the stock has delivered an impressive 390.00% return year-to-date, highlighting the company's strong market performance.

Stock Split Details

The stock split, which will see each existing share divided into 10 new shares, is scheduled to take effect on Wednesday, June 25. This date marks both the ex-split date and the record date for the corporate action. Shareholders who own Elitecon International shares at the close of trading on Tuesday will be eligible to receive the additional shares resulting from the split.

Impact on Shareholders

A stock split typically doesn't change the overall value of an investor's holdings, but it does increase the number of shares they own while proportionally decreasing the price per share. This action often aims to make the stock more accessible to a broader range of investors by reducing the per-share price.

Year-to-Date Performance

Elitecon International's decision to split its stock comes on the heels of a remarkable performance in the stock market. The company's shares have surged by 390.00% since the beginning of the year, significantly outperforming many of its peers and broader market indices.

What's Next for Investors

Investors and market participants should note that while the number of shares will increase, the stock's price is expected to adjust proportionally. It's important to remember that a stock split doesn't inherently change the fundamental value of the company or an investor's stake in it.

As the ex-split date approaches, shareholders and potential investors are advised to stay informed about any further announcements from the company and to consult with their financial advisors regarding the implications of this corporate action on their investment strategies.

Historical Stock Returns for Elitecon International

1 Day5 Days1 Month6 Months1 Year5 Years
+5.00%+24.04%+41.19%+539.92%+5,932.73%+6,220.00%
Elitecon International
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Elitecon International Announces 10:1 Stock Split, Record Date Set for June 25, 2025

1 min read     Updated on 15 Jun 2025, 12:33 PM
scanxBy ScanX News Team
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Overview

Elitecon International, a BSE-listed smallcap company, has declared its first-ever 10:1 stock split. The record date is set for June 25, 2025, with the face value of shares changing from Rs 10.00 to Re 1.00. This move aims to enhance stock liquidity and make shares more affordable for small investors. While the number of shares will increase, the overall value of shareholders' investments will remain unchanged. The company expects this action to broaden its investor base and improve stock marketability.

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*this image is generated using AI for illustrative purposes only.

Elitecon International , a BSE-listed smallcap company, has made a significant announcement that is set to impact its shareholders. The company has declared its first-ever stock split in a move aimed at enhancing stock liquidity and rewarding its investors.

Stock Split Details

The company has announced a 10:1 stock split, which means that each existing share will be divided into ten new shares. Here are the key points of the stock split:

  • Split Ratio: 10:1
  • Record Date: June 25, 2025
  • Current Face Value: Rs 10.00 per share
  • New Face Value: Re 1.00 per share

Impact on Shareholders

This stock split is expected to have several implications for Elitecon International's shareholders:

  1. Increased Affordability: The split will make the stock more affordable for small investors, potentially broadening the company's investor base.

  2. Enhanced Liquidity: With more shares in circulation, the stock's liquidity is likely to improve, which could lead to easier buying and selling of shares in the market.

  3. No Change in Investment Value: It's important to note that while the number of shares will increase, the overall value of a shareholder's investment remains unchanged. For instance, if an investor holds 100 shares before the split, they will own 1,000 shares post-split, but the total value of their holding will remain the same.

What Shareholders Need to Know

Shareholders of Elitecon International should keep the following points in mind:

  • The record date of June 25, 2025, is crucial. Investors who own shares of the company at the close of business on this date will be eligible for the stock split.
  • No action is required from shareholders. The stock split will be automatically processed for all eligible shareholders.
  • After the split, shareholders will see an increase in the number of shares they own, but a corresponding decrease in the price per share.

Company's Perspective

By implementing this stock split, Elitecon International aims to make its shares more accessible to a wider range of investors. This move is often seen as a positive signal, suggesting that the company's management is confident about its future prospects and wants to improve the stock's marketability.

As with any corporate action, investors are advised to consider their individual financial situations and consult with financial advisors if needed. The stock split, while not directly impacting the fundamental value of the company, could potentially influence trading patterns and liquidity in the short term.

Historical Stock Returns for Elitecon International

1 Day5 Days1 Month6 Months1 Year5 Years
+5.00%+24.04%+41.19%+539.92%+5,932.73%+6,220.00%
Elitecon International
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