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 face value Rs. 5 will be sub-divided into five equity shares of face value Re. 1 each, effective August 29, 2025.
Key Points
- Company: STEELCAST LTD (Scrip Code: 513517)
- Record date: August 29, 2025
- Sub-division ratio: 1:5 (one Rs. 5 share becomes five Re. 1 shares)
- Effective date: August 29, 2025
- Current ISIN (INE124E01020) for Rs. 5 paid-up shares will become invalid
- New ISIN for Re. 1 paid-up shares to be announced separately
Regulatory Changes
The existing ISIN Number INE124E01020 for Rs. 5 paid-up equity shares will not be valid for exchange transactions on or after August 29, 2025. A new ISIN number for the Re. 1 paid-up shares will be communicated through a separate market notice.
Compliance Requirements
Trading members must note the record date and ensure proper handling of the sub-divided shares. All transactions involving the old ISIN will cease to be valid from the effective date.
Important Dates
- Record Date: August 29, 2025
- Effective Date: August 29, 2025
- ISIN Validity Cutoff: August 29, 2025
Impact Assessment
This corporate action will increase the number of shares outstanding by a factor of five while reducing the face value proportionally. The sub-division may improve liquidity and make shares more accessible to retail investors due to lower absolute price per share.
Impact Justification
Corporate action affecting share structure and trading with specific record date requirements