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Published 14:10 IST, January 27th 2025

10:1 Stock Split: Textile Company Sets Record Date In February - See Details

TT Limited has confirmed February 12, 2025, as the record date for its 10-to-1 equity stock split.

Reported by: Business Desk
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Textile Company Stock Spilt Details | Image: Shutterstock

 A textile company TT Limited has announced its plans to execute a sub-division (stock split) of its equity shares. In a latest exchange filing the company has announced its record date. This is going to be the first stock split by the company in its history.

TT Ltd has fixed February 12, 2025, as the record date to determine shareholder eligibility for this split.

TT Stock Spilt Record Date 

‘The Company has fixed Wednesday 12th February, 2025 as the ‘Record Date’ for the purpose of determining the eligibility of shareholders,’ as mentioned by the company in the exchange filing.

The record date is the cutoff point set by the company to determine which shareholders are eligible for the share split. Only those who own shares on this date will receive the new shares following the split.

TT Stock Spilt Details

TT Ltd's Board has approved a 10:1 stock split, meaning each existing equity share of Rs 10 will be split into 10 new equity shares of Re 1 each.
In an official communication to stock exchanges, the company stated, "The face value of equity shares will be sub-divided from ₹10 each fully paid up to ₹1 each fully paid up.”

Whats a Stock Split!
A stock split reduces the face value of a company’s shares while increasing the number of outstanding shares proportionally. This move is often aimed at enhancing liquidity and affordability for retail investors.

For example, if an investor currently holds one share worth Rs 10, they will own 10 shares worth Rs 1 each after the split. The overall investment value remains unchanged, but the reduced price per share may attract more participation in the market.

Updated 14:53 IST, January 27th 2025