Stock Split: Multibagger small-cap company with 586% return in 1 year changes record date - check ratio and share price

RO Jewels Stock Split Record Date: RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has informed exchanges that the board has changed the record date for the sub-division of its equity shares or stock split. The record date for determining the eligibility of shareholders for the split was earlier March 6.

However, the Ahmedabad-based company decided to change the record date as it did not meet the criteria of 7 working days advance notice.

RO Jewels Stock Split Record Date 2023

RO Jewels in an exchange filing said that the new record date for the sub-division of equity shares bearing a face value of Rs 10 each has been changed to March 18. 

It means that investors/traders having the shares of RO Jewels in their Demat account on March 18 will be eligible for receiving the benefit of the split.

RO Jewels Stock Split Ratio

Earlier in December last year, the company had announced to split its stock in the ratio of 5:1, meaning each share with a face value of Rs 10 will be sub-divided into 5 shares. Once the split takes effect, the new face value will be Rs 2 and the market price of each share will be adjusted in the split ration.

"..pursuant to Regulation 42 of the SEBI Regulations 2015, and the record date intimation filed on 6 March 2022, wherein the record date fixed earlier, did not met the criteria of seven working days advance notice, we wish to inform you that the company has fixed 18" March, 2023 as the revised “record date” for determining the eligibility of members for the purpose of sub-division of the equity shares of the company from face value of Rs 10/- each to face value of Rs. 2/- each (with a corresponding increase in the total no. of shares)," the company said in the filing.

RO Jewels Share Price

Shares of RO Jewels have yielded a multibagger return in the last one year, zooming a whopping 586 per cent, thus resulting in wealth gain for investors.
Shares of RO Jewels jumped 5 per cent during Monday's trade to hit the upper circuit at Rs 31.05 on BSE. Its 52-week range is Rs 66.85 - Rs 4.04. The company has a market cap of Rs 31.33 crore.

The other small companies which have set their record dates this week include Medico Remedies Ltd, Shree Securities Ltd, Hi-Tech Pipes Ltd, and Vivanta Industries Ltd.