Getalong Enterprise stock may be under the investor radar in today’s trading session as the company had fixed January 2 as the record date for determining shareholder eligibility for the purpose.
After the implementation of the T+1 framework, the ex-date and record date usually fall on the same day (except if there is a stock market holiday on the record date). This implies today is the last day to buy the shares of the company to be eligible for the benefits of their 1:10 stock split.
“We wish to inform you that the Company has fixed Thursday, January 02, 2025 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One) each fully paid-up, as approved by the shareholders in EGM held on December 13, 2024,” said the company in an exchange filing.
Shareholders who buy the stock at least one day before the ex-date are eligible for the offers as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.
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This is the first ever instance of Getalong Enterprise issuing splitting its shares, according to the Trendlyne data.
In the last one year, the shares of Getalong Enterprise have given multibagger returns of 157.5% and have increased by 10.85% in the last 3 months, suggests Trendlyne data.
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