Senco Gold Announces Stock Split With Record Date January 31

Senco Gold, a BSE Small Cap-listed jewellery retailer, has announced its maiden stock split with a 1:2 ratio. The corporate action is scheduled for 31 January 2025 as the record date.

What is a Stock Split

A stock split is a corporate action where a company divides its existing shares into multiple units, reducing the share’s face value while maintaining the same total market capitalisation. In Senco Gold’s case, each equity share of ₹10 face value will be split into 2 equity shares of ₹5 each. This process does not alter the shareholder’s ownership percentage but increases the number of shares held, making them more affordable and liquid in the market.

Details of the Stock Split

The 1:2 stock split will divide each equity share of face value ₹10 into two equity shares of ₹5 each. Shareholders listed as of 31 January 2025 will be eligible for the split, which is expected to conclude within three months, pending regulatory approvals. This move is Senco Gold’s first stock split since its listing on the stock exchange in July 2024. The company originally disclosed plans for this split in October 2024, attracting significant investor interest.

Senco Gold Share Performance

As of January 16, 2025, 1:05 PM, the shares of Senco Gold are trading at ₹1,047.90 per share with a surge of 0.35% from its previous day’s closing price. Over the last month, the stock has seen a decline of 8.90% and over the last year it has surged by 35.90%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.