1:2 stock split: Multibagger stock Servotech Power Systems sets record date after rising 3200% in two years

livemint.com:

Stock split 2023: Shares of Servotech Power Systems Ltd is one of the multibagger stocks that Indian stock market has produced in recent years. This small-cap stock has risen from around ₹5 to ₹165.75 apiece levels, logging near 3200 per cent rise in the last two years.

However, this is not the end of good news that the company has. The board of directors of the company has declared stock split in 1:2 ratio.

Apart from this, the small-cap company's board has set record date for stock split on 28th July 2023 to finalise the eligible shareholders for stock split benefit. The small-cap company informed Indian stock market bourses about the stock split record date citing, "In accordance with the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and other applicable provisions, if any, we would like to inform you that the Register of Members & Share Transfer Books of the Company will remain closed from Saturday, 29th July, 2023 to Friday, 4th August, 2023 (both days inclusive)for ascertaining the entitlement of shareholders of the Company for the purpose of sub-division (split) of Equity Share of the Company having a face value of Rs.

2/- (Rupees Two only) each (fully paid-up) into Two (2) Equity Shares of face value of Rs. 1/- (Rupees One only) each (fully Paid-up).