BSE-listed Smallcap company Elitecon International has informed exchanges that its board has fixed the record date to determine the eligibility of shareholders for sub-division of equity shares. The company has already announced that the board has approved a stock split in the ratio of 10:1. That is, a share with a face value of Rs 10 each will be split into 10 shares with a face value of Re 1 each.
Record Date For Stock Split
The company has set June 25, 2025, as the record date for the stock split. Only those who have the company's shares to date can take advantage of the stock split.
"June 25 has been fixed as the record date after which investors will get the right to convert one share with a face value of Rs 10 into 10 shares with a face value of Re 1," Elitecon International said in an exchange filing.
A stock split is a corporate action to make shares more accessible and affordable to retail investors.
Elitecon International Share Price
The counter opened in the red today at Rs 496.80 on the BSE against the previous close of Rs 522.90. However, the stock rebounded and touched the intraday high of Rs 549, a gain of around 5 per cent from the previous close. This is also the upper circuit of the stock.
The 52-week high of the stock is Rs 629.55, and the 52-week low is Rs 11.02. The market cap of the company is Rs 8,775.77 crore
Elitecon International Share Price History
The stock has given a multibagger return of 558 per cent in six months and 429 per cent so far this year. However, it has corrected over 8 per cent in one week.
Meanwhile, equity benchmark indices Sensex and Nifty rebounded in early trade on Monday, tracking a rally in Asian markets after two days of sharp decline.
The 30-share BSE Sensex climbed 288.79 points to 81,407.39 in early trade. The 50-share NSE Nifty went up by 98.9 points to 24,817.50.
