Rolex Rings , a leading manufacturer of bearing rings and auto components, has announced a significant corporate action that is likely to increase the liquidity of its shares in the market. The company has fixed September 19 as the record date for its upcoming stock split, which will see the face value of its equity shares reduce from Rs. 10.00 to Re. 1.00 each.

Stock Split Details

The board of directors of Rolex Rings had initially recommended this stock split during their meeting held on September 4. According to the company's official communication to the stock exchanges, shareholders whose names appear in the company's records as of the specified record date will be entitled to receive the subdivided shares.

Implications for Shareholders

This 1:10 stock split means that for every one share of Rs. 10.00 face value held by a shareholder, they will receive ten shares of Re. 1.00 face value each. It's important to note that while the number of shares will increase, the overall value of a shareholder's holding will remain the same immediately after the split.

Corporate Communication

In compliance with regulatory requirements, Rolex Rings has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) about this corporate action. The company's Company Secretary and Compliance Officer, CS Hardik Dhimantbhai Gandhi, signed the official communication dated September 10.

Purpose of the Stock Split

While the company has not explicitly stated the reason for the stock split in its communication, such corporate actions are typically undertaken to:

1. Increase the liquidity of the stock in the market
2. Make shares more affordable for retail investors
3. Potentially broaden the company's shareholder base

Trading Implications

Investors and traders should note that the ex-date for this corporate action will be determined by the stock exchanges. On the ex-date, the stock price is likely to be adjusted in proportion to the split ratio.

Investor Action Required

Shareholders of Rolex Rings need not take any action regarding this stock split. The additional shares resulting from the split will be automatically credited to their demat accounts post the record date.

Rolex Rings, listed under the symbol ROLEXRINGS, continues to be a significant player in the auto components sector. Investors are advised to keep an eye on further announcements from the company and the stock exchanges regarding the implementation of this stock split.

Rolex Rings Limited , a leading manufacturer of bearing rings and auto components, has announced a significant move to enhance its stock's accessibility and liquidity in the market. The company's board of directors has approved a proposal for a 1:10 equity share split, subject to shareholder approval at the upcoming Annual General Meeting.

Key Details of the Share Split

• Current Share Structure: 1 equity share with a face value of ₹10
• Proposed Share Structure: 10 equity shares with a face value of ₹1 each
• Rationale: To make shares more affordable and attractive to investors, particularly retail participants
• Expected Outcome: Enhanced liquidity of the company's shares in the market

Board Meeting Outcome

The decision was made during a board meeting held on September 4, 2025. The company disclosed this information in a regulatory filing to the stock exchanges, in compliance with SEBI regulations. The board meeting, which commenced at 12:05 PM and concluded at 12:20 PM, also addressed other important matters.

Changes in Share Capital Structure

If approved, the share split will result in significant changes to Rolex Rings' share capital structure:

The face value of shares will change from ₹10 to ₹1 each. The total value of the authorized and paid-up capital will remain unchanged at ₹35,02,50,000 and ₹27,23,33,120 respectively.

Additional Board Approvals

In addition to the share split, the board also approved:

1. Alteration of the Capital Clause in the company's Memorandum of Association, subject to shareholder approval.
2. A related party transaction involving salary payment to relatives of promoters, which will be presented for member approval at the upcoming Annual General Meeting.

Next Steps

The share split proposal will be presented for shareholder approval at the company's 23rd Annual General Meeting. If approved, the implementation is expected to take approximately two months, subject to completion of statutory requirements.

Rolex Rings will announce the record date for the share split in due course, following necessary approvals.

Investors and stakeholders are advised to monitor further announcements from the company regarding the implementation of this corporate action.