THIS company announces first-ever stock split, shares gains | Check details here
Shares of Pavna Industries are in action today as the board of directors of the company has approved its first-ever stock split. This strategic move, as outlined in an exchange filing, is part of the company’s business strategy. The board of directors has considered and recommended a subdivision of one fully paid-up equity share with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each. However, the company has not announced the record date for this corporate action.
“Sub-division/ Split of equity shares of the Company, such that 1 (One) Equity Share of Face Value Rs. 10/- (Rupees Ten Only) each fully paid up, be Sub-divided / Split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One Only) each fully paid up, subject to necessary approvals,” the company said in an exchange filing.
Share Price Today
The shares of the company started today’s trading session at Rs 425 against the previous close of Rs 418.30. It gained further to touch the high of Rs 453.65 – a jump of 8.45 per cent from the closing price of the last trading session.
The stock hit its 52-week high of ₹759.55 on October 14, 2024, and recorded its 52-week low of ₹295.20 on March 3, 2025. The company’s current market capitalisation stands at ₹597.47 crore, which may be impacted by the upcoming stock split.
Share Price History
The stock has demonstrated a resilient performance, delivering a positive return of 26.65 per cent over the past two years. This steady growth trajectory, despite a correction of 15.77 per cent in the last year, reflects the company’s potential for long-term value creation.
Earlier, the company signed an agreement with EV player OLA Electric to supply auto components, marking an entry into the domestic EV sector. This strategic move is part of the company’s diversification strategy. As part of the pact, it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants in India from its manufacturing unit at Aligarh in Uttar Pradesh.
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