Description
BSE announces sub-division of equity shares from Rs. 5/- each to Rs. 2/- each for Dev Information Technology Ltd with record date August 21, 2025.
Summary
BSE has announced the sub-division of equity shares for Dev Information Technology Ltd (Scrip Code: 543462). The existing equity shares of Rs. 5/- each will be sub-divided into equity shares of Rs. 2/- each, with a record date of August 21, 2025.
Key Points
- Company: Dev Information Technology Ltd (Scrip Code: 543462)
- Sub-division ratio: Rs. 5/- per share to Rs. 2/- per share
- Record date: August 21, 2025
- Effective date: August 21, 2025
- Current ISIN (INE060X01026) will become invalid from August 21, 2025
- New ISIN for Rs. 2/- paid-up shares to be announced separately
Regulatory Changes
The existing ISIN Number INE060X01026 for Rs. 5/- paid-up shares will not be valid for exchange transactions on or after August 21, 2025. A new ISIN number for Rs. 2/- paid-up shares will be communicated through a separate notice.
Compliance Requirements
- Trading members must note the record date and effective date for the sub-division
- All transactions must use the new ISIN once it becomes effective
- Market participants should prepare for the transition to new share denomination
Important Dates
- Record Date: August 21, 2025
- Effective Date: August 21, 2025
- ISIN Validity: Current ISIN invalid from August 21, 2025
Impact Assessment
This corporate action will increase the number of shares outstanding while reducing the face value per share, potentially improving liquidity and making shares more accessible to retail investors. The change in ISIN requires system updates across trading platforms and depositories.
Impact Justification
Corporate action affecting share structure and ISIN number for existing shareholders