1:10 Stock Split Alert By Penny Stock! Chemical Company Fixes March 25 As Record Date; Holding This Stock?
Business
Garodia Chemicals Ltd (BSE: 530161) a small-cap company manufacturing dyes and chemicals with a market cap of Rs 7.68 Cr as of 13th March has announced record date for 1:10 stock split. Following the announcement, the share price of Garodia Chemicals ended on the BSE on Friday at an upper circuit limit at Rs 10.67 which was an upside gap of 5%.
Garodia Chemicals Stock Split Record Date
“Pursuant to order of National Company Law Tribunal (‘NCLT’), Mumbai Branch, dated February 24, 2025, Monitoring Committee, has resolved to fix March 25, 2026, as record date for the purpose of giving effect to the sub-division of equity shares held by public shareholders of the Company. The aforesaid sub-division of equity shares shall be effectuated upon completion of the reduction and reconstitution of the shareholding of Public Shareholders as envisaged under the approved Resolution Plan. As per the approved BRP, the share capital of the Corporate Debtor shall be reconstituted in such a manner that the: Existing equity shares held by Public Shareholders having face value of Rs 10/- each shall be sub-divided into equity shares having face value of Rs 1/- each. The aforesaid sub-division is being done as part of the Base Resolution Plan approved by NCLT as stated above,” said Garodia Chemicals in a regulatory statement.
Garodia Chemicals Target Price
“Garodia Chemicals stock price is bullish and overbought with next resistance at 12.9 on the Daily charts. Investors should book profits at current levels as a Daily close below support of 9.22 could lead to a target of 7.59 in the near term,” commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.
About Garodia Chemicals
Garodia Chemicals Ltd. is a company that produces synthetic dyes. The company, which was founded in 1993 and is based in Mumbai, Maharashtra, produces a variety of products, such as sizing chemicals, direct dyes, indonon vat dyes, and textile auxiliaries, demonstrating an extensive collection that addresses different stages and needs within the textile manufacturing process. In contrast to a profit of Rs 4.02 crore in the preceding quarter (September 2025), Garodia Chemicals Ltd. recorded a net loss of Rs 0.03 crore for the quarter that ended on December 31, 2025 while the revenue was zero.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred to as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
