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PSRAJ splits face value from Rs. 10 to Rs. 2 on July 24

P S Raj Steels will split its equity shares 5:1, reducing face value from Rs. 10 to Rs. 2, effective July 24, 2026.

15 Jul 2026 Effective July 24, 2026 Affects: All shareholders of P S Raj Steels Limited (PSRAJ); adjustments processed automatically by depositories.

What changed

Face value split from Rs. 10 to Rs. 2 per share, ratio 1:5.
Number of shares held will increase proportionately; market price adjusts.
No change in total value of holdings; no action needed from investors.

The read

P S Raj Steels is splitting its face value 5:1, dropping from ₹10 to ₹2 per share effective July 24. This routine corporate action increases share count and proportionately lowers price, leaving total value unchanged. The move may improve liquidity and retail affordability but does not change the company's fundamentals. No investor action required.

P S Raj Steels Limited (PSRAJ)

Primary source: official circular (PDF)