Description
Pavna Industries Ltd announces 1:10 sub-division of equity shares from Rs. 10 face value to Re. 1 face value effective September 1, 2025.
Summary
Pavna Industries Ltd has announced a sub-division of its equity shares in the ratio of 1:10, converting each existing equity share of Rs. 10 face value into ten equity shares of Re. 1 face value each. The record date is set for September 1, 2025.
Key Points
- Company: Pavna Industries Ltd (BSE Code: 543915)
- Sub-division ratio: 1:10 (1 share of Rs. 10 becomes 10 shares of Re. 1)
- Record date: September 1, 2025
- Effective date: September 1, 2025
- Current ISIN (INE07S101020) for Rs. 10 shares will become invalid from September 1, 2025
- New ISIN for Re. 1 shares to be announced separately
Regulatory Changes
The existing ISIN Number INE07S101020 with Rs. 10 paid-up value will not be valid for exchange transactions from September 1, 2025 onwards. A new ISIN number for the Re. 1 paid-up shares will be communicated through a separate notice.
Compliance Requirements
- Trading members must note the record date and effective date for the sub-division
- All transactions involving the old ISIN must be completed before September 1, 2025
- Market participants should await the new ISIN announcement for Re. 1 shares
Important Dates
- Record Date: September 1, 2025
- Effective Date: September 1, 2025
- ISIN Validity Cutoff: September 1, 2025 (old ISIN becomes invalid)
Impact Assessment
This is a routine corporate action that will increase the number of shares outstanding by 10 times while proportionally reducing the face value. Existing shareholders will receive 10 shares for every 1 share held. The action typically makes shares more affordable and may improve liquidity, though the overall market capitalization remains unchanged.
Impact Justification
Corporate action affecting share structure and ISIN, requiring investor awareness but routine in nature