1:5 Stock Split: Sumeet Industries Limited, a textile manufacturer, has announced the record date for its upcoming stock split. The company's Board of Directors has fixed Friday, October 3, 2025, as the record date for the proposed 1:5 stock split of its equity shares.

1:5 stock split

Under the terms of the split, each existing equity share with a face value of Rs 10 will be subdivided into five equity shares with a face value of Rs 2 each. The proposal was approved by shareholders during the company’s Annual General Meeting held on August 30, 2025, the company informed in an exchange filing.

A stock split is a corporate action where a company divides its existing shares into multiple new shares. This increases the total number of outstanding shares while proportionally reducing the p

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