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Stock under Rs 100: Stock split, bonus share declared by NBFC

Summary

Stock Split Bonus Share: F Mec International Financial Services is an RBI-registered NBFC. F Mec International has announced a twin corporate action of a stock split and a bonus issue.

Stock under Rs 100: Stock split, bonus share declared by NBFC
Stock under Rs 100: Stock split, bonus share declared by NBFC

Stock Split Bonus Share: F Mec International Financial Services Ltd has announced two corporate actions of a bonus issue and a stock split (stock split bonus share). The stock split will take place first and then the company will issue bonus shares.

F Mec International Stock Split

In an exchange filing, F Mec International Financial Services said that a stock split will take place in a manner that the existing face value of Rs 10 will become Rs 2. It means that the stock split ratio has been fixed at 5:1.

"Sub-division of 1 (One) equity share of face value of Rs 10/- each fully paid-up into 5 (Five) equity shares of face value of Rs 2/- each fully paid-up, held by the shareholders of the company as on the record date, subject to the approval of shareholders in Extraordinary General Meeting," F Mec International said.

F Mec International Bonus Issue

After the stock split, F Mec International will issue bonus shares of Rs 2 face value. F Mec International will issue bonus shares in the ratio of 1:10. It means that one bonus share of Rs 2 face value will be issued for every 10 shares.

"Issue of bonus equity shares in the ratio of 1:10 i.e., 1 (One) bonus Equity Share of Rs 2/- (Rupee Two) each for every 10 (Ten) Equity Shares of Rs 2/- (Rupee Two) each fully paid-up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders in Extraordinary General Meeting," F Mec International said in filing.

The extraordinary general meeting (EGM) of F Mec International will be held on May 04, 2026 (Monday).

Stock Split Bonus Share Record Date

F Mec International is yet to announce the record date for both the stock split and the bonus issue.

Stock Split Bonus Share Impact On Price

F Mec International share price closed in the green at Rs 91.36 on BE during Friday's (April 10) trading session. Once F Mec International shares turn ex-date efor stock split bonus share, the market price willadjust in the same ratio and shares will become cheap.

F Mec International shares have remained flat in the past two years. In three years, F Mec International shares have zoomed more than 300 per cent. In five years, F Mec International shares have skyrocketed nearly 2,500 per cent.

F Mec International is an NBFC registered with the RBI. It has a market capitalisation of Rs 81 crore, according to BSE data.

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