Gujarat Natural Resources has announced November 5, 2026 as the record date for its proposed 1:10 stock split after receiving shareholder approval at the company's 35th AGM held on September 30, 2026. Each fully paid-up equity share with a face value of ₹10 will be subdivided into 10 equity shares with a face value of Re 1 each, ranking pari-passu in all respects. The record date will determine which shareholders are eligible for the stock split, which follows formal approval by shareholders during the AGM. The company has also secured trading approval for 2.50 crore equity shares allotted upon warrant conversion, which were permitted to trade with effect from June 19, 2026.
The stock split is strategically timed with Gujarat Natural Resources' remarkable financial recovery in FY25-26. The company recorded a consolidated net profit of ₹9.89 crore, marking a complete turnaround from a consolidated net loss of ₹3.76 crore in the previous fiscal year. Additionally, standalone operational revenue surged to ₹11.48 crore in FY25-26, representing a significant jump from ₹70.40 lakh in FY24-25. The company has also been reclassified from Group X to Group B category on the Bombay Stock Exchange on April 22, 2026, expanding its market visibility and accessibility to institutional investors.
Gujarat Natural Resources shares were trading at ₹98.68 on BSE as of the latest trading session, compared to the previous close of ₹96.65. The stock demonstrated strong intraday performance with a high of ₹99.22 and a low of ₹95.80, reflecting active investor interest ahead of the stock split announcement. The total number of shares traded during the session was 15,520 in over 527 trades, with a net turnover of ₹15,09,966.00, indicating healthy market participation in the energy exploration sector.
Gujarat Natural Resources operates as an upstream oil and gas explorer through subsidiaries and step-down subsidiaries. The company's step-down subsidiary, GNRL Oil & Gas Limited (GOGL), holds participating interests in six producing blocks in the Cambay Basin and operates as the operator in five of these blocks. The portfolio includes the Kanawara, North Kathana, Allora, Dholasan, North Balol, and Unawa fields, with the company continuing drilling and development activities across these oil and gas fields during FY26.
Looking ahead, Gujarat Natural Resources intends to continue its focus on exploration activities, operational efficiency, and prudent resource management, while evaluating opportunities for sustainable growth. The company's strategy emphasizes maintaining its position in the Cambay Basin while exploring new opportunities for expansion in the oil and gas exploration sector. The 1:10 stock split aims to increase liquidity and lower the entry barrier for retail investors, with the reduced share face value from ₹10 to ₹1 expected to invite greater retail participation. The company has also expanded its mandates to include real estate and commodity trading, reflecting a sector-wide trend of small energy firms diversifying cash flow streams to mitigate exploration risks.
