P S Raj Steels Limited Announces Equity Share Split: One Share to be Subdivided into Five Shares
P S Raj Steels Limited, formerly known as P S Raj Steels Private Limited, has announced a significant restructuring of its equity shares through a planned sub-division. The company confirmed that one existing equity share with a face value of Rs 10 per share will be divided into five new equity shares, each having a face value of Rs 2.The corporate action was approved by shareholders during an Extraordinary General Meeting held on Tuesday, July 7, 2026. This sub-division means that the shares will rank pari passu in all respects following the change.
P S Raj Steels Limited has set Friday, July 24, 2026, as the Record Date for determining the entitlement of its equity shareholders regarding this split.
The details relating to the company's security and the planned sub-division are summarized below:
| Security Code | Type of Security | Original Share Value | Sub-divided Shares (Face Value) |
|---|---|---|---|
| NSE Symbol: PSRAJ | Equity Shares | Rs 10/- per share | Five shares at Rs 2/- each |
| Total Entitlement Reference | N/A | Rs. 75,38,314/- (based on Rs 10/- face value) | N/A |
The company confirmed that the Record Date is set to determine entitlement for the purpose of this sub-division of existing equity shares, which aims to transition the current structure into the new five share denomination.
PSRAJ Stock Price Movement
P S Raj Steels Limited slipped on Friday after closing at ₹411.50, shedding 5.00% from the previous day's close. The stock traded amidst limited activity, with 2,500 shares recorded during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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