By Chaitanya
BBA Finance Graduate & 6+ Years of Experience in Stock market & Finance
Geekay Wires Ltd., a prominent player in the Indian metals sector, has recently made significant announcements that are set to impact its shareholders. The company’s Board of Directors has given the nod for a 2-for-1 Geekay Wires Stock Split, a move that aims to enhance share liquidity and accessibility in the market. Alongside this, the Board has also proposed a dividend payout for the financial year 2024-25, signalling a commitment to returning value to its investors.
Understanding the Stock Split
The proposed stock split by Geekay Wires is a 2-for-1 division, meaning that each equity share with a face value of Rs 2 will be converted into two new equity shares, each having a face value of Re 1. This action is currently awaiting the crucial approval from the company’s shareholders. Stock splits are often undertaken by companies to make their shares more affordable and attractive to a broader base of investors, thereby increasing trading volume and market participation. It’s worth noting that this isn’t the first time Geekay Wires has adjusted its share structure; in a previous move on October 23, 2023, the face value of shares was split from Rs 10 to Rs 2. These decisions are typically communicated through official company filings with regulatory bodies like the BSE and NSE, ensuring transparent disclosure to the investing public.
Past Stock Splits of Geekay Wires
| Ex-Date | Old Face Value (Rs.) | New Face Value (Rs.) | Record Date | Remarks |
|---|---|---|---|---|
| 23 Oct 2023 | 10 | 2 | 23 Oct 2023 | For every one share held, the holder received 5 shares post split adjustment. |
| 16 Aug 2025 (Approved) | 2 | 1 | Pending shareholder approval | 2-for-1 stock split |
Dividend Announcement and Eligibility
Beyond the stock split, Geekay Wires’ Board has also put forward a proposal for dividend payments for the financial year 2024-25. For shareholders to be eligible for this proposed dividend, the company has announced that its register of members will be closed from September 20 to September 26, 2025. This period is crucial for determining which shareholders will receive the dividend. Furthermore, an e-voting period for the Annual General Meeting (AGM) has been scheduled from September 23 to September 25, 2025, where shareholders will cast their votes on key resolutions, including the dividend proposal. A consistent dividend history often signals a company’s financial stability and its commitment to rewarding shareholders, which can be an attractive factor for investors.
Geekay Wires Dividend Payouts Over Time
| Ex-Date | Dividend Amount (Rs.) | Dividend Type | Record Date |
|---|---|---|---|
| 26 Aug 2021 | 2.1 | Final | 28 Aug 2021 |
| 03 Sept 2020 | 2.0 | Interim | 04 Sept 2020 |
Geekay Wires: Company Overview
Established in 1989, Geekay Wires Ltd. has carved a niche for itself in the Metals – Ferrous industry, primarily focusing on the manufacturing of various steel wire products. As of August 14, 2025, the company commands a market capitalization of approximately Rs 358.24 Crore. The recent share price stood at Rs 67.62 on August 19, 2025, and Rs 68.55 on August 14, 2025. Over the past 52 weeks, the stock has traded within a range, hitting a low of Rs 63.19 and a high of Rs 147.80. Financial ratios like the PE ratio (10.73) and PB ratio (0.41), as of August 14, 2025, offer a snapshot of the company’s valuation against its earnings and book value. These figures are widely available from authoritative financial data providers and stock exchanges, offering investors crucial insights.
Recent Market Performance and Key Updates
In terms of recent share performance, Geekay Wires has experienced a challenging period, with its share price declining by approximately 14% over the last six months and a more substantial 30% over the past year. However, in August 2025, the stock has shown some stability, trading steadily around the Rs 66-69 mark. Investors should keep an eye on the following key updates:
- August 16, 2025: The Board officially approved the 2-for-1 stock split (Rs 2 face value to Re 1) and proposed the dividend for the financial year 2024-25. Important dates were also set: the register closure for dividend eligibility from September 20-26, 2025, and the e-voting period for the AGM from September 23-25, 2025.
- August 19, 2025: The company reconfirmed the record date for its previous split (October 23, 2023) and reiterated that both the dividend and the latest stock split were considered during the recent Board Meeting.
- August 2025 Price Trends: The share price has maintained a steady range between Rs 66-69 during August 2025, with the market capitalization holding at around Rs 358 Crore.
Conclusion
In summary, Geekay Wires Ltd. is taking proactive steps through its latest corporate actions, including the proposed Geekay Wires Stock Split and dividend. These measures are designed to potentially improve market liquidity, make shares more accessible, and enhance overall shareholder value. As a long-standing player in the ferrous metals sector, the company’s strategic decisions will be closely watched by investors in the coming weeks, especially with the approaching AGM and the record dates for these significant announcements. These actions reflect the company’s efforts to adapt and grow in the dynamic Indian market.
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