Rolex Rings Approves 1:10 Stock Split; Shares Gain Over 2%

Rajkot, September 4, 2025 – Rolex Rings Limited (NSE: ROLEXRINGS, BSE: 543325) had its shares rise 2.12%, reaching a notable price of ₹1,429.00 on early intraday prices. The increase came after the company announced that its Board had approved an equity share split in a ratio of 1:10 to make it easier for more people to buy and trade equity shares.

The benefits of equity share splits include enhancing the affordability and attractiveness of shares, which will increase liquidity, attract, and encourage retail investor participation in the Company’s equity, and improve the liquidity of shares in the market.

Trigger – Key Board Decisions on Stock Split

The Board of GHV Infra approved a stock split such that each equity share with a face value of ₹10 will be split into 10 shares with a face value of ₹1. The split is subject to approval by shareholders at the 23rd AGM, and a record date is to be announced.

The rationale for the stock split is to enhance the affordability for retail investors and broaden liquidity in the stock. Further, the Board approved a related party transaction of payment of salary to a promoter’s relative based upon the recommendation of the Audit Committee, which was also subject to approval by shareholders.

Share Capital Before and After Stock Split

Before the stock split, the authorised share capital of GHV Infra was 3,50,25,000 equity shares of ₹10 each, which is ₹35.02 crore.

After the stock split, GHV Infra has 35,02,50,000 equity shares of ₹1 each, which is the same amount in total. Issued, paid-up, and subscribed capital similarly change from 2,72,33,312 shares of ₹10 each (₹27.23 crore) to 27,23,33,120 shares of ₹1 each, again for the same total amount. Meaning the only thing that has changed is the number of shares, and everything else in ordinary share capital remains exactly as before.

Stock Performance Snapshot

On September 4, 2025, at 3:45PM IST, shares of GHV Infra Projects Limited traded at ₹1,390, down ₹9.30 (0.66%) from the previous day’s closing price of ₹1,399.30. The stock traded in a daily range of ₹1,395.00 to ₹1,449.30, with a VWAP price of ₹1,418.96, and the market capitalization of the company was ₹3,888.10 crore. Over the past year, the stock was at a 52-week high of ₹2,794.00 on September 27, 2024, and a low of ₹1,210.40 on April 7, 2025, with an adjusted P/E of 20.65.

Rolex Rings Limited is a Rajkot-based manufacturer of forged and machined components for the auto components and equipment industry. Established in 2003 and listed on exchanges since August 2021, the company sells both domestically and internationally to notable automotive OEMs.

REF: https://nsearchives.nseindia.com/corporate/ROLEXRINGS_04092025124534_Outcome_Board_Meeting_04092025.pdf

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