Mehai Technology has made a public announcement regarding a split in its equity share face value from Rs. 10 to Rs. 1. This means that for the eligible shareholders as on the record date which is 14 March 2025, their 8 equity share(s) each of face value Rs. 10 will be converted to 80 equity share(s) each of face value Rs. 1.
The detailed announcement by the company can be found here.
Please find some helpful FAQs on the share split of Mehai Technology below
1. How to participate in the share split of Mehai Technology?
If you hold the shares of Mehai Technology as on the record date which is 14 March 2025, then you are eligible for the share split action.
2. In case of share split of Mehai Technology, does the ISIN number of the security changes?
Yes. In case of share split, the face value of the share changes and hence the ISIN number also changes.
3. In the holdings, old quantity of Mehai Technology is shown on the Ex-Date. Why is the holding not updated?
Portfolio holdings are generated as per the previous settlement day and thus on the Ex-Date which is 13 March 2025, old quantity will be visible.
4. How to participate in the share split action if you are not an existing share holder of Mehai Technology?
If you are not an existing shareholder of Mehai Technology but want to participate in the share split action, make sure to purchase shares of Mehai Technology before the Ex-Date which is 13 March 2025.
5. What is the impact of share split action on the stock price of Mehai Technology?
On the Ex-Date which is 13 March 2025, the price of the stock gets adjusted due to the share split action. Due to this adjustment, you see a dip in your unrealized profit. The dip is corrected once the shares with new face value of Rs. 1 are credited to your holdings.
6. What is the impact of share split action on the cost price of Mehai Technology in the portfolio?
The cost of acquisition of shares gets adjusted as per the new face value of Rs. 1 and the holding period remains the same as per ITD guidelines.
7. If shares of Mehai Technology are bought via MTF, is the shareholder eligible for share split action?
Yes, even if a shareholder has bought the shares of Mehai Technology via MTF, the shares with new face value of Rs. 1 shares will be issued the and MTF holdings will get automatically updated.
8. If shares of Mehai Technology are bought and pledged for Margin, is the shareholder eligible for share split action?
Yes, even if a shareholder has bought the shares of Mehai Technology and pledge them to get margin, the shares with new face value of Rs. 1 shares will be issued the and pledge holdings will get automatically updated.
What do you think about this split action? Feel free to use this thread to discuss.