Description
Sub-division of equity shares from Rs. 5/- each to Rs. 2/- each with record date August 21, 2025.
Summary
DEV INFORMATION TECHNOLOGY LTD (Scrip Code: 543462) will sub-divide its equity shares from Rs. 5/- each to Rs. 2/- each with record date of August 21, 2025. The existing ISIN INE060X01026 will become invalid, and a new ISIN will be assigned for the sub-divided shares.
Key Points
- Company: DEV INFORMATION TECHNOLOGY LTD (Scrip Code: 543462)
- Share subdivision from Rs. 5/- to Rs. 2/- per share
- Record date: August 21, 2025
- Effective date: August 21, 2025
- Current ISIN INE060X01026 will be invalid from August 21, 2025
- New ISIN for Rs. 2/- shares to be announced separately
Regulatory Changes
The existing ISIN Number INE060X01026 of Rs. 5/- paid up will not be valid for transactions on the Exchange 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 subdivision and ensure transactions are conducted with the correct ISIN after the effective date. All stakeholders should be aware of the change in share denomination and corresponding ISIN.
Important Dates
- Record Date: August 21, 2025
- Effective Date: August 21, 2025
- ISIN Validity: Current ISIN invalid from August 21, 2025
Impact Assessment
The subdivision will increase the number of shares outstanding while reducing the face value, making shares more affordable and potentially improving liquidity. Trading systems and records must be updated to reflect the new share structure and ISIN.
Impact Justification
Corporate action affecting share structure and ISIN number for listed company