This company sets record date for stock split - Check all details here
Small-cap auto company Pavna Industries Limited has announced the record date for the stock split. According to the exchange filing, the company has set September 1, 2025 as the record date, which will decide the eligibility of shareholders for the stock split.
The company said that a share with a face value of Rs 10 will be divided into 10 smaller shares with a face value of Rs 1. The purpose of this decision is to make the shares cheaper and more affordable, increase the participation of retail investors and improve the liquidity of the shares in the market.
Earlier, the auto components manufacturer purchased 4.96 acres of land near Jewar Airport, Noida as part of its expansion plan. In July 2025, the company had purchased 4.64 acres of land there. Now the company has more than 9.6 acres of land in this area.
The company's managing director Swapnil Jain said that this land purchase is part of growth strategy, so that we can increase production capacity, bring new manufacturing technology and provide better service to the customers of the automobile sector.
Pavna Industries' June 2025 quarter results were not good. The company suffered a net loss of Rs 2.10 crore, while in the same quarter last year there was a profit of Rs 2.23 crore. The company's revenue also fell by 23.39 per cent to Rs 60.40 crore, which was Rs 78.84 crore in June 2024.
Meanwhile, equity benchmark indices Sensex and Nifty were trading in positive territory in early trade on Monday amid fresh foreign fund inflows and a rally in the US markets. A firm trend in Asian markets further contributed to the optimism in equities.
The 30-share BSE Sensex climbed 104.84 points to 79,962.63 in early trade. The 50-share NSE Nifty went up by 55.85 points to 24,419.15.
From the Sensex firms, State Bank of India, Trent, NTPC, Tata Motors, UltraTech Cement and Kotak Mahindra Bank were among the gainers.
However, Titan, ICICI Bank, HCL Tech and Bajaj Finserv were among the laggards.
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