The week starting June 30 sees muted action on the stock split front, with only one company set to undergo the same. Paras Defence and Space Technologies Ltd., a defence major, has its record date coming up this week. Investors eyeing split benefits must track record dates closely.A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. While the number of shares increases, the total investment value remains unchanged.To be eligible for a stock split, investors must hold shares as of the record date announced by the company. The record date determines who will receive additional shares post-split, based on the split ratio.With India following the T+1 settlement cycle, investors need to purchase the stock at least one trading day before the record date to be eligible. Buying shares on the record date itself won’t qualify, as the ownership won’t be reflected in time.Paras Defence Stock SplitParas Defence and Space Technologies will split its shares from a face value of Rs 10 to Rs 5 each, with an ex-date of July 4. The last day to purchase shares and be eligible is Tuesday, July 3.This is the first-ever stock split by Paras Defence. The defence engineering firm in April declared a 1:2 stock split and its first-ever dividend of Rs 0.50 per share during its fourth quarter earnings.Paras Defence's consolidated net profit doubled during the quarter ended March 31, 2025, to Rs 20.8 crore for the fourth quarter of fiscal 2025 as compared to Rs 9.6 crore for the same period last year.The defence engineering firm's revenue soared 36% to Rs 108.2 crore for the quarter under review from Rs 79.7 crore for the year-ago period. Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 127% year-on-year to Rs 27.9 crore. The Ebitda margin expanded to 25.8%.Shares of the company ended 1.23% higher at Rs 1,633.00 apiece on Friday, sharply outperforming the benchmark NSE Nifty 50, which ended at a 0.35% advance.HAL To Pay Final Dividend Of Rs 15 Per Share For FY25 — Check Record Date. Read more on Markets by NDTV Profit.