Stock Split: Angel One’s share price saw sharp swings on Wednesday, February 25, ahead of the company’s record date for its 1:10 stock split scheduled for Thursday.
The domestic brokerage firm has fixed February 26 as the record date for the stock split that was approved earlier, following clearance from its board last month. The board had given its approval for the sub-division of equity shares on January 15.
As per the approved proposal, one fully paid-up equity share with a face value of ₹10 will be split into 10 fully paid-up equity shares with a face value of Re 1 each. As a result, shareholders will receive 10 equity shares for every single share currently held.
While the face value per share will reduce from ₹10 to Re 1, the overall value of an investor’s holdings will remain unchanged, as the stock split does not impact ownership percentage or total wealth. The move is aimed at increasing the number of outstanding shares and improving liquidity in the stock.
In Wednesday’s trading session, Angel One shares rose 1.7% in early deals to hit an intraday high of ₹2,504.50. However, the stock later slipped 2.6% from the day’s high to touch an intraday low of ₹2,437.75.
Stock splits are typically undertaken to make shares more affordable for retail investors by lowering the market price per share, while the company’s overall market capitalisation remains unchanged.
Feb 26 fixed as record date
In a regulatory filing dated February 18, Angel One confirmed that its executive committee has fixed Thursday, February 26, as the record date to determine eligible shareholders for the stock split.
The record date acts as the cut-off for identifying shareholders who will be entitled to receive the additional shares arising from the sub-division. Investors holding the stock on or before February 26 will qualify for the split benefit.
Only shareholders whose names appear in the company’s records on February 26 will be eligible to receive the split-adjusted shares. The company has also confirmed earlier that the stock will trade on an ex-date on the same day.
The stock split will not result in any change in an investor’s ownership percentage. Shareholders holding the stock on or before February 26 will be eligible for the sub-division.
Q3 FY26 performance
For the quarter ended December 31, 2025, Angel One reported a 4.5% year-on-year decline in consolidated profit after tax to ₹269 crore, compared with ₹281.5 crore in the corresponding quarter last year.
The drop in profit came despite a 5.8% increase in total income, which rose to ₹1,338 crore from ₹1,264 crore a year earlier. Total expenses increased to ₹964.2 crore from ₹876.5 crore, with higher employee benefit costs, ESOP expenses and other operating expenses weighing on margins.
