These 2 smallcap mutlibagger stocks to trade ex-split tomorrow. Do you own any?

Shares of multibagger smallcap stocks Sukhjit Starch & Chemicals and POCL Enterprises are likely to remain in focus today as they had fixed October 25 as the record date for the purpose of the mentioned split.

Sukhjit Starch & Chemicals had announced a stock split wherein each share with a face value of Rs 10 per share will be split into 2 shares of a face value of Rs 5 each. As for POCL Enterprises, the each share with a face value of Rs 10, will be split into 5 shares of a face value of Rs 5 each.

Sukhjit Starch & Chemicals

The board of Sukhjit Starch & Chemicals had announced the record date for the purpose of their 1:2 stock split earlier this month.

“The Board of Directors, in its meeting held today, has inter-alia fixed 25th October, 2024 (Friday) as the 'Record Date' for determining the entitlement of the shareholders for the Split / sub division of Equity Shares of the Company, having face value of Rs.10/- each, fully paid-up, into equity shares having face value of Rs. 5/- each, fully paid-up, as approved by the shareholders,” said the company in an exchange filing.

This is the first ever instance of the company proceeding with a stock split, according to the data available on Trendlyne.

The shares of Sukhjit Starch & Chemicals were trading 1.1% lower at Rs 548.75 on the BSE around 11 am today.

POCL Enterprises

The board of POCL Enterprises had approved the sub-division of their shares earlier in the month of August along with its record date for the purpose.

“The Board of Directors at its Meeting held on Thursday, August 01, 2024, among other subjects, inter-alia has approved the following: Subject to the approval of shareholders of the Company at the ensuing Annual General Meeting, the Board of Directors has approved sub-division of the existing one (1) Equity Share of face value of Rs. 10/- each, fully paid up, into five (5) Equity Shares of face value of Rs. 2/- each, fully paid up,” said the company via a filing to the exchanges.

The record date for determining entitlement of Equity shareholder for the sub-division of equity shares has been fixed as October 25, 2024, the company added.

For POCL Enterprises too, this is the first ever instance that the company has decided to split its stock, according to the Trendlyne data.

The shares of POCL Enterprises were trading 2% lower at Rs 804.15 on the BSE around 11:15 am.

Meanwhile, another company Mayukh Dealtrade record date for the purpose of its 1:5 stock split has also been fixed as October 25.

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