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

Shares of smallcap multibagger companies Premier Polyfilm and Systematix Corporate Services are likely to remain in focus today as they had announced their 1:5 and 1:10 stock split respectively, fixing November 5 as the record date for the purpose.

This means today is the last day to buy the shares of these companies in order to qualify for the benefit of the stock split.

Premier Polyfilm

Premier Polyfilm had announced the record date for their stock split earlier in the month of October, wherein the stock will be split from a face value of Rs 5 per share to Re 1 per share.“We would like to inform you that the Company has fixed Tuesday, 05th November, 2024 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matter,” said the company in an exchange filing.This is the first ever instance of the company splitting its stock, according to the data available on Trendlyne.

The shares of Premier Polyfilm closed 1% higher at Rs 311.70 on BSE in the last trading session.

Systematix Corporate Services

The board of Systematix Corporate Services had announced the record date for their stock split earlier in the month of October, wherein the stock will be split from a face value of Rs 5 per share to Re 1 per share.

“In continuation to our letter dated October 22, 2024 and in terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we wish to inform you that the Company has fixed the Record date as Tuesday, November 05, 2024,” said the company in a filing to the exchanges.

Systematix Corporate Services is also proceeding with a stock split for the first time, according to Trendlyne data.

The shares of Systematix Corporate Services closed 5% lower at Rs 1,770 on the BSE in the last trading session.

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