Small-cap stock Rolex Rings witnessed a sharp spike, led by higher volumes on Thursday, September 4, following the announcement that its board has approved the stock split in the ratio of 1:10.
A meeting of the Board of Directors of the company was held today, i.e. Thursday, September 4, 2025, wherein it considered and approved the sub-division or split of the existing one equity share of the company having a face value of ₹10 each fully paid-up, into 10 equity shares having a face value of Re 1/-each fully paid-up, Rolex Rings said in a filing today.
Explaining the rationale behind the stock split, the small-cap stock said that the split of equity shares will make the shares more affordable and attractive to invest in, thereby encouraging greater participation of retail investors and will also enhance the liquidity of the company’s shares in the market.
Rolex Rings did not yet announce the record date for the purpose of the 1:10 stock split and said that it will be intimated in due course.
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