New Delhi, July 3 -- Shares of Pavna Industries were in the spotlight on Thursday, July 3, after the company's board approved a 1:10 stock split, marking its first-ever sub-division of shares. This corporate action is intended to improve share affordability and liquidity, particularly among retail investors. The move comes on the back of a 400 percent rally in the stock over the past five years, positioning it as a multibagger.

In a regulatory filing, Pavna Industries announced that its board of directors has approved the sub-division of one fully paid-up equity share with a face value of Rs.10 into ten equity shares of Re 1 each, subject to shareholder approval. The record date for determining shareholder eligibility will be announced a...