NSE · Corporate Action · Low

NSE notifies MWL face value split from Rs. 10 to Re. 1 per share

The 1:10 sub-division takes effect July 10, 2026, increasing share count while keeping market cap unchanged.

29 Jun 2026 Effective July 10, 2026 Affects: Shareholders and traders of Mangalam Worldwide Limited (symbol MWL).

What changed

MWL face value splits from Rs. 10 to Re. 1, a 1:10 sub-division.
Effective July 10, 2026; share price adjusts downward proportionally.
No change in market cap; systems must update for new price bands.

The read

Mangalam Worldwide is splitting its shares 10-to-1, reducing face value from Rs. 10 to Re. 1 effective July 10, 2026. The number of outstanding shares rises tenfold, but the company's market capitalisation stays put — the price will adjust downward automatically. This is a routine corporate action, not a signal. For investors, the only practical change is a lower per-share price and more shares in the same proportional holding. Trading systems must update price bands to reflect the new face value. Nothing more to read into it.

Mangalam Worldwide LimitedRs. 10 to Re. 1 face value splitJuly 10, 2026

Primary source: official circular (PDF)