RIR Power Electronics on Thursday, July 17, announced the company had fixed Friday, 25 July, as the record date for the stock split in the ratio of 1:5. Meanwhile, the small-cap stock declined 2 per cent in intraday trade on Thursday.
RIR Power Electronics stock split details
RIR Power Electronics has decided to split its one share into five shares. The record date for this purpose is 25 July.
In an exchange filing on July 17, RIR Power Electronics said, “The company has fixed Friday, 25th July, 2025 as the record date for the purpose of determining the eligibility of shareholders for sub-division/stock split of existing one equity share of face value of ₹10 each fully paid up into five equity shares of face value of ₹2 each fully paid up, as approved by the shareholders through postal ballot on 3rd July, 2025.”
The company announced a stock split and a bonus issue in May to enhance shareholder value.
(This is a developing story. Please check back for fresh updates.)
