1:2 Stock Split Alert! Digital Services Stock Sets October 6 Record Date

BLS E-Services has fixed October 6, 2026, as the record date to determine shareholders eligible for its 1:2 sub-division of equity shares.

Under the approved corporate action, every fully paid-up equity share with a face value of Rs 10 will be split into two fully paid-up equity shares carrying a face value of Rs 5 each. The split does not alter the aggregate value of an investor’s holding at the time of adjustment, although it doubles the number of shares held and reduces the face value per share.

The company had first disclosed the proposed split on August 6, 2026. Shareholders subsequently approved it at the annual general meeting held on September 15. The Business and Finance Committee, authorised by the board, has now fixed the record date in line with Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations.

Share splits are generally used to lower the per-share trading price and potentially improve affordability and trading liquidity. They do not by themselves change a company’s market capitalisation, underlying business performance, earnings or shareholder ownership proportion.

The announcement comes after a year in which BLS E-Services expanded sharply through its financial inclusion, business correspondent, assisted digital services and loan disbursement operations. On a consolidated basis, revenue from operations more than doubled to Rs 1,117.79 crore in FY26 from Rs 519.35 crore in FY25. Net profit rose 17.8 per cent year-on-year to Rs 69.27 crore.

The differing pace of revenue and profit growth reflects the group’s increasing exposure to high-volume loan disbursement and business correspondent activity, which management has described as lower-margin businesses. Consolidated EBITDA margin, including other income, declined to 8.7 per cent in FY26 from 15.8 per cent in the preceding year.

BLS E-Services operates a merchant-led network providing last-mile Banking, citizen services and assisted digital transactions. Its business correspondent network had more than 45,800 agents and over 1,55,000 touchpoints at the end of FY26. The company also completed the acquisition of Atyati Technologies on July 2, 2026, adding technology capabilities in rural banking, agent banking and doorstep banking.

As of 3:22 PM on October 6, 2026, BLS E-Services shares were trading at Rs 160.60, down 0.26 per cent from the previous close of Rs 161.03. The stock has gained 64.65 per cent over the past year, compared with a 3.22 per cent decline in the BSE 500, an outperformance of about 67.87 percentage points.

Despite the one-year gain, the share price remained about 51.3 per cent below its 52-week high of Rs 329.45 and around 25.3 per cent above its 52-week low of Rs 128.20. The company’s market capitalisation stood at about Rs 2,889.69 crore based on the supplied market data.

The record date will be the key operational milestone for the share split, after which eligible investors will receive the additional shares in the prescribed ratio.

Disclaimer: The article is for informational purposes only and not investment advice.