Angel One declines after 1:10 stock split adjustment; Shares trade lower on record date

Angel One share price came under pressure on Thursday, February 26, as the stock adjusted for the company’s 1:10 share split, for which today serves as the record date.

The counter opened sharply lower at Rs 251 on the NSE, compared with its pre-split previous close of Rs 2,489.90, and slipped further to an intraday low of Rs 242.80, a decline of 3.22 per cent. Although the stock later trimmed some losses, it continued to trade 2.49 per cent lower at Rs 242 apiece on the NSE.

Angel One in January approved a stock split in the ratio of 1:10, whereby each equity share with a face value of Rs 10 was subdivided into 10 equity shares of Rs 1 each. The announcement was made along with the release of its Q3 quarterly results for financial year 2025-26.

"The Board of Directors of the Company has approved Sub-division/ split of 1 (One) existing equity share of the Company having face value of Rs. 10/-(Rupees Ten only) each, fully paid-up, into 10 (Ten) equity shares of the Company having face value of Re. 1/-(Rupee One only) each, fully paid-up," the company had informed in its January 15 dated exchange filing.

Shareholders will receive 10 equity shares for every 1 share they currently hold, with the face value changing from Rs 10 per share to Rs 1 per share, while the total value of their investment remains the same; only the number of shares increases and the per-share value (face value and market price, proportionately) decreases, with no change in ownership percentage or overall wealth from the split itself.

A stock split record date is the cut-off date a company uses to determine which shareholders are eligible to receive additional shares from a stock split. Shareholders who own the stock on or before this date qualify for the split.

Notably, Angel One reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter as rising operating expenses weighed on margins. The company had posted a PAT of Rs 281.5 crore in the corresponding year-ago quarter.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)