Rolex Rings Limited , a prominent player in the automotive component manufacturing sector, has announced a revision to the record date for its upcoming equity share subdivision. The company's Board of Directors has set October 17, 2025, as the new record date for determining shareholders eligible for the share split.

Share Subdivision Details

The company plans to subdivide its equity shares from the current face value of Rs. 10.00 per share to Re. 1.00 per share, with each share remaining fully paid up. This 1:10 split aims to enhance the stock's liquidity and make it more accessible to a broader range of investors.

Reason for Date Revision

According to the company's filing with the stock exchanges, the revision was made after careful deliberation and consultation with the Registrar and Share Transfer agent. Rolex Rings cited the need for additional time to comply with post-Annual General Meeting (AGM) formalities, as guided by regulators. The process is expected to take 10-12 working days for regulatory compliance.

Corporate Action Timeline

Management Statement

CS Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer of Rolex Rings Limited, stated in the filing, "This is in continuation of the Board Meeting of the company held on 04th September, 2025 wherein, the Board had recommended the subdivision of face value of the equity shares of the company from Rs. 10/- to Re. 1/- each as fully paid up."

Impact on Investors

Shareholders of Rolex Rings Limited on the record date will be entitled to receive ten shares of face value Re. 1.00 each for every one share of face value Rs. 10.00 held. This corporate action does not change the underlying value of the company but increases the number of outstanding shares proportionately.

Investors and market participants are advised to take note of this revised record date for the impending share subdivision. The move is expected to potentially increase market liquidity and make the stock more attractive to retail investors.

Rolex Rings Limited, a prominent player in the manufacturing sector, has recently received requests from two members of its promoter group seeking reclassification of their shareholding status. The company made this announcement in compliance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reclassification Requests

The two promoter group members who have submitted requests for reclassification are:

1. Hemal Paresh Madeka
2. Sanjay Bhagwanji Bole

Both individuals have expressed their desire to be reclassified from the 'Promoter/Promoters Group' category to the 'Public' category under SEBI regulations.

Current Shareholding

The reclassification requests provide insight into the current shareholding of these promoter group members:

It's noteworthy that while Hemal Paresh Madeka holds a significant number of shares, Sanjay Bhagwanji Bole currently does not hold any shares in the company.

Next Steps

Rolex Rings Limited has stated that the reclassification requests will be considered in the company's next board meeting. The company has assured stakeholders that it will undertake the necessary steps in compliance with Regulation 31A of the Listing Regulations.

The company's Company Secretary & Compliance Officer, CS Hardik Dhimantbhai Gandhi, confirmed that the stock exchanges will be duly informed about the board's decision regarding these reclassification requests.

This move by the promoter group members could potentially impact the company's shareholding structure and may be of interest to investors and market analysts tracking Rolex Rings Limited's stock performance and corporate governance practices.

Shareholders and interested parties are advised to keep an eye on further announcements from the company regarding the outcome of these reclassification requests.