Description
BSE announces new ISIN number INE124E01038 for STEELCAST LTD equity shares following subdivision from Rs. 5 to Re. 1 per share.
Summary
BSE has assigned a new ISIN number INE124E01038 for STEELCAST LTD (Scrip Code: 513517) following the subdivision of equity shares from Rs. 5 to Re. 1 per share. The new ISIN will be effective for trades from the ex-date of August 29, 2025.
Key Points
- New ISIN number: INE124E01038 for subdivided equity shares
- Share subdivision: From Rs. 5 per share to Re. 1 per share
- Company: STEELCAST LTD (Scrip Code: 513517)
- Effective date: August 29, 2025 (Ex-date)
- Document reference: DR-704/2025-2026
Regulatory Changes
Assignment of new ISIN number following completion of share subdivision process as per earlier exchange notice dated August 11, 2025.
Compliance Requirements
- Trading members must update their systems with the new ISIN number
- All trades from ex-date onwards must use the new ISIN INE124E01038
- Settlement systems need to recognize the new ISIN for Re. 1 equity shares
Important Dates
- August 29, 2025: Ex-date for new ISIN effectiveness
- August 11, 2025: Original notice date for share subdivision
- August 25, 2025: New ISIN announcement date
Impact Assessment
Trading Impact: Medium - requires system updates across trading platforms and custodial services to handle the new ISIN and changed share denomination. Existing shareholders will see their holdings adjusted to reflect the 5:1 subdivision ratio with new ISIN identification.
Impact Justification
ISIN change affects trading systems and settlement processes for existing shareholders