Stock Splits This Week — Elitecon International, Laddu Gopal Online Service, Padam Cotton Yarns

The week starting June 23 brings a dynamic slate of corporate actions, with several prominent companies declaring stock splits.

Elitecon International Ltd., Laddu Gopal Online Service Ltd. and Padam Cotton Yarns have record dates coming up this week. Investors eyeing split benefits must track record dates closely.

A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increases, the total investment value remains unchanged.

To be eligible for a stock split, investors must hold shares as of the record date announced by the company. The record date determines who will receive additional shares post-split, based on the split ratio.

With India following the T+1 settlement cycle, investors need to purchase the stock at least one trading day before the record date to be eligible. Buying shares on the record date itself won’t qualify, as the ownership won’t be reflected in time.

Here is a look at companies that have declared stock splits with key dates coming up this week.

Elitecon International will split its shares from a face value of Rs 10 to Rs 1 each, with an ex-date of June 25. The last day to purchase shares and be eligible is Tuesday, June 24.

Laddu Gopal will split its shares from a face value of Rs 10 to Rs 2 each, with an ex-date of June 24. The last day to purchase shares and be eligible is Monday, June 23.

Similarly, Padam Cotton Yards will split its shares from a face value of Rs 10 to Rs 1 each, with an ex-date of June 27. The last day to purchase shares and be eligible is Thursday, June 26.