Ksolves India Announces Stock Split in 1:2 Ratio

Ksolves India Ltd announced on Friday that its board has approved a stock split in the ratio of 1:2. This means that each existing share with a face value of ₹10 will be divided into two shares with a face value of ₹5 each. The decision is expected to enhance liquidity and make shares more accessible to investors. Shares of Ksolves India surged to an intraday high of ₹1,008 on NSE on December 23, 2024, as of 12:30 PM. 

Key Details of the Stock Split

• Current Structure: Pre-split, the company’s authorised share capital stands at 1.25 crore equity shares with a face value of ₹10 each, aggregating to ₹12.50 crore.
• Post-Split Structure: The number of shares will increase to 2.50 crore equity shares with a face value of ₹5 each, maintaining the aggregate value at ₹12.50 crore.

Purpose Behind the Stock Split

The primary objective of the stock split is to:

• Increase Liquidity: More shares in circulation can improve market liquidity.
• Enhance Affordability: Lower share prices can make them more accessible to a wider base of investors.

Timeline and Implementation

This marks the first stock split initiated by Ksolves India. The process is expected to be completed within approximately 2 months from the date of shareholder approval, subject to necessary formalities and regulatory clearances.

Company Overview and Financial Performance

Ksolves India operates in the IT sector, offering services such as website maintenance, multimedia creation, and other computer-related activities. The company has shown strong financial performance:

• Q2 FY25 Results: Consolidated net profit rose 11.7% to ₹9.19 crore.
• Revenue Growth: Net sales jumped 34% to ₹34.82 crore compared to Q2 FY24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.