Description
NSE announces face value split for Avro India Limited (AVROIND), reducing equity share face value from Rs. 10 to Re. 1, effective May 5, 2026.
Summary
NSE has notified all members that Avro India Limited (symbol: AVROIND) will undergo a face value split effective May 5, 2026. The equity share face value will be reduced from Rs. 10 to Re. 1, representing a 10:1 split ratio.
Key Points
- Company: Avro India Limited
- NSE Symbol: AVROIND
- Existing face value and paid-up value: Rs. 10 per share
- New face value and paid-up value: Re. 1 per share
- Effective date: May 5, 2026
- Circular issued by: Dhwani Shah, Manager, NSE Listing Department
- Download Ref No: NSE/CML/73934
- Circular Ref. No: 0699/2026
Regulatory Changes
The paid-up value and face value of equity shares of Avro India Limited will change from Rs. 10 to Re. 1 per share. This is a formal notification to all NSE members regarding the change in share denomination.
Compliance Requirements
- All NSE members are informed and must update their systems to reflect the new face value of Re. 1 per share effective May 5, 2026.
- Trading systems and records must be adjusted to account for the revised face value and paid-up value.
Important Dates
- Circular Date: April 28, 2026
- Effective Date of Face Value Change: May 5, 2026
Impact Assessment
The 10:1 face value split will result in a proportional increase in the number of shares held by existing shareholders while reducing the per-share price proportionally. This typically improves share liquidity and makes the stock more accessible to retail investors. Members and market participants must update their records and systems accordingly before the effective date of May 5, 2026.
Impact Justification
Stock split affects existing shareholders and trading parameters but is a routine corporate action with a clear effective date. Reduces face value 10x, which typically increases share liquidity.