Description
STEELCAST LTD announces sub-division of equity shares from Rs.5/- each to five shares of Re.1/- each with record date August 29, 2025.
Summary
STEELCAST LTD (Scrip Code: 513517) has announced a sub-division of its equity shares. Each existing equity share of Rs.5/- will be subdivided into five equity shares of Re.1/- each, with the record date set for August 29, 2025.
Key Points
- Sub-division ratio: 1 equity share of Rs.5/- becomes 5 equity shares of Re.1/- each
- Record date: August 29, 2025
- Effective date: August 29, 2025
- Current ISIN (INE124E01020) for Rs.5/- shares will become invalid from August 29, 2025
- New ISIN for Re.1/- shares to be communicated separately
Regulatory Changes
The existing ISIN Number INE124E01020 for Rs.5/- paid-up shares will not be valid for exchange transactions on or after August 29, 2025. A new ISIN number for Re.1/- paid-up shares will be issued.
Compliance Requirements
Trading members must ensure proper handling of the share sub-division and be prepared for the ISIN change effective August 29, 2025.
Important Dates
- Record Date: August 29, 2025
- Effective Date: August 29, 2025
- ISIN Validity: Current ISIN becomes invalid from August 29, 2025
Impact Assessment
This corporate action will increase the number of shares outstanding by 5x while reducing the face value from Rs.5 to Re.1 per share. Shareholders will receive 5 shares for every 1 share held. The action may improve liquidity and make shares more affordable for retail investors.
Impact Justification
Share sub-division affects all shareholders with specific record date and ISIN changes