Description
Sprayking Ltd announces sub-division of equity shares from Rs.2/- each to two shares of Re.1/- each with record date August 12, 2025.
Summary
Sprayking Ltd (Scrip Code: 540079) has announced a sub-division of its equity shares effective August 12, 2025. Each existing equity share of Rs.2/- will be split into two equity shares of Re.1/- each.
Key Points
- Company: Sprayking Ltd (Scrip Code: 540079)
- Record Date: August 12, 2025
- Sub-division ratio: 1 share of Rs.2/- becomes 2 shares of Re.1/- each
- Effective date: August 12, 2025
- Current ISIN (INE537U01029) will become invalid from record date
- New ISIN for Re.1/- shares to be announced separately
Regulatory Changes
The existing ISIN Number INE537U01029 for Rs.2/- paid-up shares will not be valid for exchange transactions from August 12, 2025 onwards.
Compliance Requirements
- Trading members must note the record date and sub-division details
- Investors should be aware of the change in share denomination
- New ISIN number will be communicated through separate notice
Important Dates
- Record Date: August 12, 2025
- Effective Date: August 12, 2025
- Notice Date: July 31, 2025
Impact Assessment
This is a routine corporate action that will double the number of shares outstanding while halving the face value. Shareholders will receive twice the number of shares they currently hold, with proportional adjustment in share price. The change requires updating of ISIN numbers and may affect trading systems and investor records.
Impact Justification
Stock sub-division affects share structure and ISIN number, requiring investor awareness but is routine corporate action