Kiduja India Limited, a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) under the Base Layer (NBFC-BL) category, has announced a major corporate action to improve market accessibility. The company has fixed Friday, January 31, 2025, as the record date for its 1:10 stock split, according to a regulatory filing with the Bombay Stock Exchange (BSE).
Stock Split Details
The 1:10 stock split, approved by shareholders during the Annual General Meeting on September 26, 2024, will divide each ₹10 equity share into 10 equity shares with a face value of ₹1 each. This initiative aims to enhance stock liquidity and make shares more affordable for retail investors.
Kiduja India stated, “As per Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for the stock split is January 31, 2025.”
Financial Performance
Although Kiduja India’s revenue increased slightly, its net profit declined in the latest financial quarter:
- Revenue from Operations (Q2 FY25): ₹10.38 crore, a 0.5% increase from ₹10.33 crore in Q2 FY24.
- Net Profit (Q2 FY25): ₹6.08 crore, down 24% from ₹8 crore in Q2 FY24.
- EBITDA (Q2 FY25): ₹9.69 crore, a 3.7% decrease from ₹10.06 crore in Q2 FY24.
- Earnings Per Share (EPS): ₹25.32 for Q2 FY25.
About Kiduja India
Founded in 1985, Kiduja India Limited is an NBFC focused on investments in equity markets. Listed on the Bombay Stock Exchange, the company specializes in securities trading, equity investments, and derivatives. Kiduja India has earned a strong reputation as a reliable NBFC, serving both retail and institutional investors.
Impact of the Stock Split
The 1:10 stock split is expected to:
- Increase Affordability: Shares with a lower face value will be more accessible to investors.
- Boost Liquidity: A higher number of shares in circulation will likely improve trading activity.
- Attract Retail Investors: More affordable shares can appeal to individual investors, expanding the shareholder base.
With its strong reputation in equity markets, this stock split is expected to enhance both the company’s market reach and liquidity.
Disclaimer: This content is for informational purposes only and does not provide investment advice.
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