Stock Split: Cellecor Gadgets announces 10:1 stock split - Check record date and other details

Stock Split: Homegrown tech company Cellecor Gadgets has informed exchanges that its board has approved the proposal for the sub-division of the stock 10:1 ratio. 

"Sub-division/split of company’s 1 (one) Equity Share having face value of Rs. 10/- each in to 10 (Ten) Equity shares of the company having face value of Re.1/- each, subject to the approval
of shareholders and such other approvals as may be required," the company said in an exchange filing.

The face value of shares of Cellecor Gadgets is Rs 10. Once the split takes effect, the new face value would be Re 1.

Cellecor Stock Split Record Date

The company has informed exchanges that it has fixed the record date for determining the eligibility of shareholders for this corporate action. The company has fixed August 9 as the record date.

"The Board has fixed Friday, 09th August 2024 as Record Date for the purpose of determining the eligibility of Shareholders for the proposed sub - division/split in nominal value of the Equity Shares of the company," the filing said.

Cellecor Gadgets, which was incorporated in 2020, is mainly engaged in the procurement, branding and distribution of electronics and consumer durables goods.

Cellecor Gadgets had floated its IPO in September 2023. The company issued its equity shares at Rs 92 apiece in the primary market. Going by analytics, Cellecor Gadgets shares have delivered a solid return of more than 200 since listing.