Gujarat Natural Resources Fixes 5 November As Stock Split Record Date
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Gujarat Natural Resources has fixed 5 November as the record date for its first 1:10 stock split. It is aimed at increasing share accessibility while expanding outstanding shares.
Gujarat Natural Resources Ltd has chosen 5 November 2026 as the record date for its first stock split. Investors whose names appear on the company’s records on that date will be eligible for the split.
The company confirmed the date in a regulatory filing on 6 October 2026. The proposal had already received shareholders’ approval at the Annual General Meeting on 30 September 2026.
Gujarat Natural Resources Stock Split Ratio
Under the proposed split, every fully paid-up equity share with a face value of ₹10 will be divided into 10 shares with a face value of ₹1 each.
The new shares will carry the same rights as the existing shares. The move will increase the number of outstanding shares while proportionately reducing their face value. This is the first stock split proposed by Gujarat Natural Resources.
The split is intended to make the company's shares more accessible by reducing the face value of each individual share. However, a stock split by itself does not change the overall value of an investor's holding.
Gujarat Natural Resources' Oil And Gas Operations
Gujarat Natural Resources is an upstream oil and gas exploration company. Its operations are focused largely on assets in the Cambay Basin.
Its step-down subsidiary, GNRL Oil & Gas Ltd, has participating interests in six producing blocks. These include the Kanawara, North Kathana, Allora, Dholasan, North Balol and Unawa fields.
During FY26, the company continued drilling and development activities across its oil and gas assets. Three wells were completed and brought into commercial production during the year.
The company also started drilling its fourth well, K17, in the Kanawara field. The well encountered a 24-metre hydrocarbon zone, indicating the presence of producible hydrocarbons.
Gujarat Natural Resources said it plans to continue focusing on exploration, operational efficiency and prudent resource management. The company is also evaluating opportunities for sustainable growth.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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