Lower Circuit Alert: Small-Cap Company Announces Stock Split from Rs 10 to Re 1

On Wednesday, shares of Aqylon Nexus Ltd hit a 5 per cent Lower Circuit to Rs 1,823.95 per share from its previous closing of Rs 1,9191.90 per share.

Aqylon Nexus Ltd (formerly Sri Adhikari Brothers Television Network Limited) has announced Thursday, March 5, 2026, as the Record Date to determine shareholder eligibility for its upcoming stock split. Under Regulation 42 of the SEBI (LODR) Regulations, 2015, the company will execute a sub-division of its equity shares in a 1:10 ratio, where every single existing share with a face value of Rs 10 will be split into ten equity shares with a face value of Re 1 each. This corporate action is typically aimed at improving liquidity in the market and making the shares more affordable for a broader base of retail investors by reducing the nominal value per share.

About the Company

Aqylon Nexus Ltd, incorporated in 1994, is a prominent Indian Media & Entertainment company with operations spanning content production and syndication to various broadcasters and satellite networks. It is part of the larger Sri Adhikari Brothers Group, which includes other listed entities like TV Vision Ltd and SAB Events and Governance Services. The company is recognised for creating the popular light-humour centric television brand SAB TV and continues to produce multi-lingual, multi-genre content in languages such as Hindi, Marathi, Gujarati, Tamil, Telugu, and Kannada. The network also operates other channels, including Mastii, Dabang, and Dillagi.

The company has a market cap of over Rs 4,600 crore and debtor days have improved from 193 to 28.1 days. The shares of the company have an ROE of 39 per cent and an ROCE of 39 per cent. The stock has given multibagger returns of over 300 per cent from its 52-week low of Rs 435.10 per share.

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