Small-Cap Stock Split Alert: BLS E-Services, Shankara Buildpro, Bansal Wire Industries and JSW Dulux Fix October 2026 Record Dates

A stock split is a corporate action in which a company divides each existing share into several shares of lower face value. Four small-cap companies, BLS E-Services, Shankara Buildpro, Bansal Wire Industries and JSW Dulux, have fixed record dates in October 2026. This guide lists each stock split ratio, the record date and ex-split date, and the financial context behind each name.

Shareholders on the record date receive the new shares, and under the T+1 settlement cycle the shares typically trade ex-split on that same day. Because a sub-division only changes face value and share count, market capitalisation stays the same. If you are searching for which small-cap stocks are splitting in October 2026, the table below has the dates, and later sections cover performance, liquidity and risks.

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Which Stocks Have a Stock Split in October 2026?

Company	Split ratio	Face value change	Record date and ex-split date
BLS E-Services	1:2	Rs 10 to Rs 5	Tuesday, 6 October 2026
Shankara Buildpro	1:5	Rs 10 to Rs 2	Thursday, 8 October 2026
Bansal Wire Industries	1:5	Rs 5 to Re 1	Friday, 16 October 2026
JSW Dulux	1:10	Rs 10 to Re 1	Thursday, 22 October 2026

All four splits have shareholder approval. BLS E-Services cleared it at its AGM on 15 September, Bansal Wire Industries at its AGM on 17 September, and JSW Dulux through a postal ballot on 20 September. Shankara Buildpro fixed its record date after shareholder approval, as announced on 12 September.

What Is a Stock Split and What Does It Change?

A stock split divides one share into several, and the share price falls in proportion. In a 1:5 split, one share of face value Rs 10 becomes five shares of face value Rs 2. If a share traded at Rs 1,250 before the split, it would trade near Rs 250 after it, and a holder of 100 shares would own 500 shares of the same total value.

A split does not change earnings, assets or market capitalisation. It differs from a bonus issue, which gives shareholders extra shares for free but is booked from reserves. Companies use a split to lower the price per share, which can make the stock more accessible to small investors and may improve trading liquidity.

Stock Split Record Date and Ex-Split Date: How It Works

1. The board proposes the stock split and shareholders approve it at an AGM or through a postal ballot.
2. The company fixes a record date to identify shareholders eligible for the new shares.
3. Under T+1 settlement, the shares typically trade ex-split on the record date.
4. To be eligible, an investor needs to buy at least one trading day before the record date.
5. New shares are credited to demat accounts after the record date, and exchanges adjust the price.

Limit orders and stop-loss orders placed in the old price range will not match the new price, so investors should revisit them around the ex-split date.

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Stock Split Candidates: Financials and Performance

Company	Latest quarter (June 2026)	Recent price	52-week range	Market cap
BLS E-Services	Net sales Rs 304.1 crore (from Rs 244.0 crore), profit after tax Rs 18.6 crore (from Rs 17.5 crore)	About Rs 322 (23 September)	Rs 124.30 to Rs 339.80	About Rs 2,975 crore
Shankara Buildpro	Net sales Rs 1,889.8 crore, up 20.51%; net profit Rs 35.6 crore, up 11%	About Rs 1,250 to Rs 1,300 (mid-September)	Rs 636 to Rs 1,380	About Rs 3,100 crore
Bansal Wire Industries	Profit reportedly down about 48% on higher costs	About Rs 318 to Rs 324 (late August to September)	About Rs 224 to Rs 380	About Rs 5,000 crore
JSW Dulux	Revenue Rs 970 crore, down 2.8%; net profit Rs 79 crore, down 12.4%	About Rs 3,200 (25 September)	Rs 2,658.70 to Rs 3,745	About Rs 14,570 crore

BLS E-Services has been the strongest performer, with a one-year return of about 66% and a price near its 52-week high. Shankara Buildpro has roughly doubled from its 52-week low, with growth in sales but thin margins as a building products trader.

Bansal Wire Industries and JSW Dulux tell a different story. Bansal Wire's profit fell in Q1 FY27 on higher costs, and its stock sits well below its 52-week high of about Rs 380. JSW Dulux, formerly Akzo Nobel India, saw both revenue and profit decline in the quarter, and its stock is down about 5% over a year.

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Illustrative Prices After the Stock Split

Company	Recent price	Split ratio	Illustrative price after split
BLS E-Services	About Rs 322	1:2	About Rs 161
Shankara Buildpro	About Rs 1,250	1:5	About Rs 250
Bansal Wire Industries	About Rs 320	1:5	About Rs 64
JSW Dulux	About Rs 3,200	1:10	About Rs 320

These figures simply divide late-September prices by the stock split ratio. They are not forecasts, and actual prices on the ex-split date will reflect that day's market moves.

Risks and What to Check Before Buying Ahead of a Stock Split

A split creates no value: The stock split changes share count and price per share, not earnings or assets, so any rally around the record date can reverse.

Valuation: BLS E-Services trades at roughly 50 times trailing earnings after a strong run, which leaves little room for disappointment.

Earnings pressure: Bansal Wire Industries and JSW Dulux reported weaker profits in Q1 FY27, and a split does not fix that.

Liquidity: Small-cap stocks can see wide price swings and thin volumes around a corporate action.

Margins: Shankara Buildpro grew sales by 20.51% but its profit rose only 11%, which points to cost pressure.

What Should Investors Do Before the Record Date?

1. Confirm the record date and ratio in the company's exchange filing.
2. Check the company's latest results, debt and cash flow before buying for the split.
3. Buy at least one trading day before the record date if you want the new shares.
4. Review stop-loss and limit orders around the ex-split date, since prices adjust.
5. Keep position size modest in small-cap stocks, where volatility is higher.

Conclusion

Four small-cap companies have fixed record dates for a stock split in October 2026: BLS E-Services (1:2) on 6 October, Shankara Buildpro (1:5) on 8 October, Bansal Wire Industries (1:5) on 16 October and JSW Dulux (1:10) on 22 October. A split alters the share count and price, not the underlying business, so fundamentals, valuation and liquidity matter more than the event itself. Consult a SEBI-registered advisor before making any decision.

Frequently Asked Questions

What is a stock split?

Ans. A stock split divides each existing share into several shares of lower face value. The price per share falls in proportion, so the total value of your holding does not change.

Which stocks have a stock split in October 2026?

Ans. BLS E-Services (1:2, record date 6 October), Shankara Buildpro (1:5, 8 October), Bansal Wire Industries (1:5, 16 October) and JSW Dulux (1:10, 22 October) have announced a split.

What is the record date for a stock split?

Ans. The record date identifies the shareholders eligible for the new shares. Under T+1 settlement, the shares typically trade ex-split on the record date, so you need to buy before it.

What is the ex-split date?

Ans. The ex-split date is the day the stock starts trading at the adjusted price. For these four companies it is the same as the record date under the current settlement cycle.

Does a stock split increase returns?

Ans. No. A stock split changes the number of shares and the price per share but not the company's earnings, assets or market capitalisation. Any price rise around a split is driven by sentiment.

What is the stock split ratio of JSW Dulux?

Ans. JSW Dulux has announced a 1:10 split. Each share of face value Rs 10 will be divided into ten shares of face value Re 1, with a record date of 22 October 2026.

Is it a good idea to buy shares before a stock split?

Ans. This article does not constitute investment advice. A split creates no value on its own, so check the company's earnings, valuation and liquidity first. Consult a SEBI-registered financial advisor before investing.

How is a stock split different from a bonus issue?

Ans. A stock split divides existing shares and reduces face value, while a bonus issue gives extra shares for free from reserves. In both cases the share price adjusts for the larger share count.