Sapphire Foods 1:5 stock split record date tomorrow; last date to buy for eligibility

KFC and Pizza Hut operator Sapphire Foods announced September 5 as the record date for their 1:5 stock split.

“This is to inform you that the Company has fixed Thursday, 5th September 2024 as the 'Record Date' for determining entitlement of Equity Shareholders for the purpose of subdivision/split of existing Equity Shares of the Company from 1 equity share having face value of Rs. 10/- each fully paid up, into 5 equity shares having face value of Rs. 2/- each fully paid-up, ranking pari-passu in all respects,” the company had said in a previous filing to the exchanges.

This means that the shareholders whose names appear in the company's database on the record date are eligible for the said stock split. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends.


A 1:5 stock split means that one company stock with a face value of Rs 10 per equity share will now be subdivided into five equal shares having a face value of Rs 2 per share.

This will be the first-ever instance of Sapphire Foods proceeding with the sub-division of its stock, according to the data available on Trendlyne.

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The company had previously stated that they are carrying out the stock split to improve liquidity of the company's equity shares in the capital markets, which will help widen the shareholder base and make it more affordable for retail investors.

In the last one year, the shares of Sapphire Foods have gone up by 18.4% while in the current year so far, the stock has surged by 18%.

The shares of Sapphire Foods closed flat with a positive bias at Rs 1,661.90 on BSE on Tuesday.

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