Stock Split 2026 News: A microcap company has announced the sub-division of the face value of shares or stock split. This is the first-ever stock split announcement by the company. The name of the company in focus for the stock split is Avro India Ltd.
In an exchange filing, Avro India said that the board has approved a stock split proposal. As per the approved proposal, Avro India shares will split in the ratio of 1:10.
A stock split ratio of 1:10 means that each share will split into 10 new shares. Accordingly, the face value will also be split and the share will be adjusted.
The existing face value of Avro India shares is Rs 10. After the stock split, Avro India shares' face value will become Re 1.
"Sub-division/split of existing 1 (one equity share of face value of Rs 10 (Rupees Ten each), fully paid up into 10 (Ten) equity shares of face value of Re 1 (Rupees One only) each, fully paid up subject to shareholders approval," Avro India said in a filing.
Avro India is yet to announce the record date for stock split. Avro India said that the record date will be fixed later and announced via exchanges.
"The record date for the purpose of sub-division/split of equity shares shall be decided after obtaining approval for sub-division/split from the shareholders and will be intimated separately," Avro India added in the filing.
Avro India share price closed 3 per cent lower at Rs 120 on Wednesday (March 25). Once the stock split takes effect, Avro India share price will adjust by 10 times to Rs 12.
Avro India was founded in 2022. Avro India is a manufacturer of high-quality plastic molded furniture and related products.



