Avro India Announces Stock Split: Face Value Reduced from ₹10 to ₹1

Avro India Limited has announced a stock split, reducing the face value of its equity shares from ₹10 to ₹1, as per the latest NSE circular dated April 28, 2026. The change will be effective from May 05, 2026.

What does this mean?

A stock split increases the number of shares while proportionately reducing the price per share, without impacting the overall investment value. In this case, each ₹10 share will be split into 10 shares of ₹1 each.

Why do companies do this?

Stock splits are typically undertaken to:

• Improve liquidity in the stock
• Make shares more affordable for retail investors
• Increase market participation
   

Impact on Investors

• The total value of holdings remains unchanged
• Investors will receive additional shares in proportion to their holdings
• Post-split, the stock may see higher trading volumes
   

Effective date

The stock split will come into effect from May 05, 2026, and trading will reflect the revised face value from this date onward.

Final take

The stock split by Avro India is a step towards improving liquidity and broadening investor participation. While it does not change the company’s fundamentals, it often enhances accessibility and market activity in the stock.