Description

Face value of equity shares of Geekay Wires Limited to be split from Rs. 2 to Re. 1 effective October 30, 2025.

Summary

NSE has announced that Geekay Wires Limited (GEEKAYWIRE) will undergo a face value split of its equity shares. The face value and paid-up value will be reduced from Rs. 2 per share to Re. 1 per share, effective October 30, 2025. This corporate action will proportionally increase the number of outstanding shares while maintaining the same market capitalization.

Key Points

  • Company: Geekay Wires Limited
  • Stock Symbol: GEEKAYWIRE
  • Existing face value: Rs. 2 per share
  • New face value: Re. 1 per share
  • Split ratio: 1:2 (each existing share will become 2 shares)
  • Effective date: October 30, 2025
  • Circular reference: NSE/CML/70947, dated October 24, 2025
  • Circular number: 2075/2025

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving subdivision of existing equity shares in accordance with applicable provisions of the Companies Act and SEBI regulations.

Compliance Requirements

  • All members and market participants must note the change in face value effective October 30, 2025
  • Trading systems will reflect the new face value and adjusted share count from the effective date
  • Existing shareholders will automatically receive proportionately increased number of shares
  • No action required from shareholders as the adjustment is automatic

Important Dates

  • Circular Date: October 24, 2025
  • Effective Date: October 30, 2025 - Face value split becomes effective

Impact Assessment

Market Impact: Medium. Face value splits typically improve liquidity by reducing the per-share price, making the stock more accessible to retail investors. The split does not change the company’s market capitalization or fundamental value.

Shareholder Impact: Neutral to positive. Existing shareholders will hold twice the number of shares at half the face value, maintaining their proportionate ownership and total investment value. Enhanced liquidity may improve trading volumes.

Trading Impact: The lower price per share post-split may attract more retail participation and improve price discovery through increased trading activity.

Impact Justification

Face value split is a corporate action that affects share price and liquidity but does not change fundamental company value. Medium impact for existing shareholders and traders.