Description
Chandrima Mercantiles Ltd announces sub-division of equity shares from Rs.10 each to Re.1 each with record date August 20, 2025.
Summary
Chandrima Mercantiles Ltd (Scrip Code: 540829) has announced a sub-division of its equity shares. Each existing equity share of Rs.10 will be 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 becomes 10 shares of Re.1 each
- Record date: August 20, 2025
- Effective date: August 20, 2025
- Current ISIN (INE371F01016) will become invalid for trading from August 20, 2025
- New ISIN for Re.1 paid-up 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 from August 20, 2025
- A new ISIN number for Re.1 paid-up shares will be issued and communicated through separate notice
Compliance Requirements
- Trading members must note the record date for sub-division purposes
- All transactions must comply with the new share structure from the effective date
- Market participants should await the new ISIN announcement for Re.1 shares
Important Dates
- Record Date: August 20, 2025
- Effective Date: August 20, 2025
- Old ISIN validity ends: August 20, 2025
Impact Assessment
This is a routine corporate action that will increase the number of shares outstanding while reducing the face value proportionally. Existing shareholders will receive 10 new shares for each share held. The sub-division may improve liquidity by making shares more affordable for retail investors. Market participants need to update their systems for the new ISIN once announced.
Impact Justification
Share sub-division affects existing shareholders and requires ISIN change but is routine corporate action