New Delhi, Sept. 16 -- Shares of TAAL Tech Limited ended 2% higher on Wednesday, September 16, ahead of the scheduled record date for stock split. The engineering research and development stock services company had announced a stock split in 1:5 ratio.
The company's board of directors announced sub-division of the equity shares that have been approved by the company shareholders at the Annual General Meeting (AGM), held on September 1.
The stock split will take place for each "existing Equity Share of face value of Rs. 10/- (Rupees Ten only) each fully paid-up shall be sub-divided into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupee Two only) each fully paid-up," stated the firm in its BSE filing released earlier.
The company has announced a stock split to increase the liquidity among TAAL Tech shares. THe main rationale behind the corporate action is to increase "the number of outstanding shares and reduce the price per share, making the stock more affordable and accessible to a wider investor base."
TAAL Tech stock split would improve trading liquidity, enhance market participation, and potentially attract new investors, as per the company's BSE filing.
The company's board of directors has fixed Tuesday, September 22, as the record date to determine the eligibility of investors for the corporate action. Which means that interest people must own the stock before the record date for stock split.
TAAL Tech is one of the key stocks from ace investor Mukul Agrawal's portfolio. As per the BSE data available on September 16, Mukul Mahavir Agrawal, owns 8.92% shares of the company, which is equivalent to 2,77,931 shares of the company.
The stock closed 2.09% higher at Rs.5110 per share on BSE with a market capitalisation of Rs.1,592.45 crore on Wednesday, September 16. The stock had touched an intraday high of Rs.5,260.95 per share and an intraday low of Rs.4,736.90 per share. With a return on equity (ROE) of 323.8%, the stock has surged close to 69.5% in 2026 so far. The company stock value has jumped around 144% in three years and around 400% in five years. Published by HT Digital Content Services with permission from MINT. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htdigital.in