Ranjeet Mechatronics Ltd, a small-cap company in the civil construction and systems integration space, has officially announced its first-ever stock split, aiming to make its shares more accessible to retail investors.
The board of directors has approved the sub-division of its equity shares, reducing the face value from ₹10 to ₹5, effectively splitting each share into two new shares. The record date for this corporate action has been set for Monday, April 21, 2025.
Stock Split Details
According to the company’s regulatory filing, the stock split will occur as follows:
- Stock Split Ratio: 1:2
- Pre-Split Face Value: ₹10 per share
- Post-Split Face Value: ₹5 per share
- Record Date: April 21, 2025 (Monday)
This means shareholders holding one equity share of ₹10 as of the record date will receive two equity shares of ₹5 each, fully paid-up. The objective is to enhance liquidity in the stock, improve affordability, and broaden shareholder participation.
About Ranjeet Mechatronics Ltd
Ranjeet Mechatronics Ltd is a fast-growing player in mechanical, electrical, plumbing (MEP), automation, and fire safety systems. As a turnkey solutions provider, the company caters to large infrastructure and civil construction projects across India. Since its listing on the BSE SME platform in September 2018, the company has gained investor attention for its consistent operational growth and focus on value addition.
Clarification on Earlier Filing
There was an initial confusion due to a typographical error in the company’s earlier announcement, suggesting a split into one share of ₹5 instead of two. This was quickly rectified, with the company confirming the correct ratio as 1:2, ensuring clear communication with shareholders and regulatory bodies.
Background: Bonus Shares and Rising Momentum
This stock split announcement comes shortly after the company declared a 1:1 bonus issue, rewarding shareholders with an additional share for every one they held. The record date for the bonus shares was April 2, 2025.
This dual corporate action—bonus issue followed by a stock split—demonstrates the company’s intent to reward existing shareholders and build momentum in its stock, which is already catching the attention of investors.
Final Thoughts
The 1:2 stock split by Ranjeet Mechatronics Ltd, following its recent 1:1 bonus issue, reflects a strategic move to enhance liquidity, reward shareholders, and boost investor sentiment.
As the stock prepares for a critical record date on April 21, all eyes are on how the market reacts post-split. Given its performance track record and niche presence in the infrastructure support space, Ranjeet Mechatronics is a penny stock to watch closely.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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