Rolex Rings [ROLEXRINGS] board approves stock split in the ratio of 1:10 during its meeting on September 4, 2025, according to an exchange filing.
The company's existing equity share with a face value of ₹10 will be sub-divided into 10 equity shares with a face value of ₹1 each. The decision awaits shareholder approval at the upcoming 23rd Annual General Meeting, along with necessary regulatory clearances.
The record date for the stock split will be announced separately.
Following the split, and subject to shareholder approval, the altered capital clause of the Memorandum of Association will state: "V. The Authorised Share Capital of the Company is ₹56,00,00,000 divided into 35,02,50,000 Equity shares of Re.1 each aggregating to Rs. 35,02,50,000, 1,59,75,000 Non Convertible Redeemable Preference Shares of Rs. 10 each aggregating to Rs.15,97,50,000 AND 50,00,000 Optionally Convertible Redeemable Preference Shares of Rs. 10 each aggregating to Rs. 5,00,00,000."
The company states the stock split aims to improve affordability and attract retail investors, potentially boosting liquidity.
| Type of Capital | Face Value (in ₹) | No. of Equity Shares | Total Value (in ₹) | Face Value (in ₹) | No. of Equity shares | Total Value (in ₹) |
|---|---|---|---|---|---|---|
| Equity Shares | 10 | 3,50,25,000 | 35,02,50,000 | 1 | 35,02,50,000 | 35,02,50,000 |
| Non-Convertible Redeemable Preference Shares | 10 | 1,59,75,000 | 15,97,50,000 | 10 | 1,59,75,000 | 15,97,50,000 |
| Optionally Convertible Redeemable Preference Shares | 10 | 50,00,000 | 5,00,00,000 | 10 | 50,00,000 | 5,00,00,000 |
| Total Authorised Share Capital | 5,60,00,000 | 56,00,00,000 | 37,12,25,000 | 56,00,00,000 | ||
| Issued, Paid-up and Subscribed Equity share capital | 10 | 2,72,33,312 | 27,23,33,120 | 1 | 27,23,33,120 | 27,23,33,120 |
In addition, the board approved, based on the audit committee's recommendation, the salary payment to a relative of promoters, pending member approval at the Annual General Meeting. This complies with Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI (LODR) Regulations, 2015.
The board meeting commenced at 12:05 pm and concluded at 12:20 pm.
Details are available on the company's website, www.rolexrings.com, and have been furnished to stock exchanges, the company said.
Hardik Dhimantbhai Gandhi, Company Secretary and Compliance Officer, confirmed the announcement.
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