Shares of Pavna Industries are in action today as the board of directors of the company has approved its first-ever stock split. This strategic move as outlined in an exchange filing is part of the companys business strategy. The board of directors has considered and recommended a subdivision of one fully paid-up equity share with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each. However the company has not announced the record date for this corporate action. Sub-division/ Split of equity shares of the Company such that 1 (One) Equity Share of Face Value Rs. 10/- (Rupees Ten Only) each fully paid up be Sub-divided / Split into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One Only) each fully paid up subject to necessary approvals the company said in an exchange filing. Share Price Today The shares of the company started todays trading session at Rs 425 against the previous close of Rs 418.30. It gained further to touch the high of Rs 453.65 - a jump of 8.45 per cent from the closing price of the last trading session. The stock hit its 52-week high of ₹759.55 on October 14 2024 and recorded its 52-week low of ₹295.20 on March 3 2025. The companys current market capitalisation stands at ₹597.47 crore which may be impacted by the upcoming stock split. Share Price History The stock has demonstrated a resilient performance delivering a positive return of 26.65 per cent over the past two years. This steady growth trajectory despite a correction of 15.77 per cent in the last year reflects the companys potential for long-term value creation. Earlier the company signed an agreement with EV player OLA Electric to supply auto components marking an entry into the domestic EV sector. This strategic move is part of the companys diversification strategy. As part of the pact it will provide auto components like ignition switches and latches to OLA Electric across its manufacturing plants in India from its manufacturing unit at Aligarh in Uttar Pradesh.