Description
Titan Intech Ltd announces subdivision of equity shares from Rs.10/- each to Re.1/- each with record date September 8, 2025.
Summary
Titan Intech Ltd (Scrip Code: 521005) has announced the subdivision of its equity shares. Each existing equity share of face value Rs.10/- will be subdivided into ten equity shares of face value Re.1/- each, with the record date set for September 8, 2025.
Key Points
- One equity share of Rs.10/- face value will become ten equity shares of Re.1/- face value each
- Record date: September 8, 2025
- New paid-up value per share: Re.1/-
- Effective date: September 8, 2025
- Current ISIN (INE807M01023) will become invalid for trading from record date
Regulatory Changes
- Current ISIN No. INE807M01023 for Rs.10/- paid up shares will not be valid for exchange transactions on or after September 8, 2025
- New ISIN number for Re.1/- paid up shares will be communicated through separate notice
Compliance Requirements
- Trading members must note the subdivision ratio and new share structure
- Market participants should prepare for transition to new ISIN post record date
- All transactions involving the company’s shares must account for the subdivision effective September 8, 2025
Important Dates
- Record Date: September 8, 2025
- Effective Date: September 8, 2025
- ISIN Validity: Current ISIN invalid from September 8, 2025
Impact Assessment
The subdivision will increase the number of outstanding shares by 10 times while reducing the face value proportionally. This corporate action typically aims to improve liquidity and make shares more affordable for retail investors. Trading systems and portfolios will need to be updated to reflect the new share structure and ISIN post-effective date.
Impact Justification
Share subdivision affects shareholders but is routine corporate action with clear implementation timeline