Rolex Rings announces 10-for-1 share split to boost accessibility, liquidity

Rolex Rings Limited’s board of directors, meeting on Thursday, September 4, 2025, approved a sub-division of its existing equity shares. Each equity share with a face value of INR 10 will be split into 10 equity shares, each with a face value of INR 1. This move aims to make the shares more affordable, encourage broader retail investor participation, and boost market liquidity. The record date for this split will be announced in due course, with completion expected within approximately two months, subject to shareholder and regulatory approvals.

The company's authorized share capital will see a change in the number of equity shares, moving from 35,02,50,000 equity shares of INR 10 each to 35,02,50,000 equity shares of INR 1 each, while the total value remains INR 35,02,50,000. The total authorized share capital remains INR 56,00,00,000. Post-split, the issued, paid-up, and subscribed equity share capital will consist of 2,72,33,312 shares of INR 1 each, maintaining a total value of INR 27,23,33,120.

The board also approved related party transactions, specifically the payment of salary to relatives of promoters, in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.