Description
BSE announces sub-division of Chandrima Mercantiles Ltd equity shares from Rs.10 each to Re.1 each with record date August 20, 2025.
Summary
BSE has announced the sub-division of equity shares of Chandrima Mercantiles Ltd (Scrip Code: 540829). Each existing equity share of Rs.10 will be sub-divided into ten equity shares of Re.1 each, with the record date set for August 20, 2025.
Key Points
- Company: Chandrima Mercantiles Ltd (Scrip Code: 540829)
- Sub-division ratio: 1 share of Rs.10 into 10 shares of Re.1 each
- Record date: August 20, 2025
- Effective date: August 20, 2025
- Current ISIN (INE371F01016) for Rs.10 shares will become invalid
- New ISIN for Re.1 shares to be announced separately
Regulatory Changes
The existing ISIN No. INE371F01016 for Rs.10 paid-up shares will not be valid for Exchange transactions on or after August 20, 2025. A new ISIN number for Re.1 paid-up shares will be communicated through a separate notice.
Compliance Requirements
- Trading members must note the change in share structure
- Transactions in old ISIN will not be permitted from August 20, 2025
- Market participants should await notification of new ISIN for Re.1 shares
Important Dates
- Record Date: August 20, 2025
- Effective Date: August 20, 2025
- ISIN Validity Cutoff: August 19, 2025 (last day for old ISIN transactions)
Impact Assessment
This is a standard corporate action that will increase the number of shares outstanding by a factor of 10 while reducing the face value proportionally. The sub-division typically aims to improve liquidity and make shares more accessible to retail investors. Trading members and investors need to be aware of the ISIN change to ensure smooth trading operations.
Impact Justification
Standard corporate action affecting share structure and ISIN validity for one company