Description
Stock split announcement for Titan Intech Ltd - subdividing equity shares from Rs.10 each to Rs.1 each in 1:10 ratio.
Summary
Titan Intech Ltd (Scrip Code: 521005) has announced a subdivision of its equity shares effective September 8, 2025. Each existing equity share of Rs.10 face value will be subdivided into 10 equity shares of Re.1 face value each.
Key Points
- Company: Titan Intech Ltd (Scrip Code: 521005)
- Record Date: September 8, 2025
- Subdivision Ratio: 1:10 (One share of Rs.10 becomes Ten shares of Re.1)
- Effective Date: September 8, 2025
- Current ISIN (INE807M01023) will become invalid from record date
- New ISIN for Re.1 paid-up shares to be announced separately
Regulatory Changes
The existing ISIN Number INE807M01023 for Rs.10 paid-up shares will not be valid for exchange transactions on or after September 8, 2025. A new ISIN number for Re.1 paid-up shares will be communicated through separate notice.
Compliance Requirements
Trading members must note the subdivision details and ensure proper handling of transactions post-record date. Investors holding dematerialized securities will automatically receive subdivided shares in their accounts.
Important Dates
- Record Date: September 8, 2025
- Effective Date: September 8, 2025
- ISIN Validity: Current ISIN invalid from September 8, 2025
Impact Assessment
This is a standard corporate action that increases share liquidity by reducing the nominal value per share. Existing shareholders will hold 10 times more shares at 1/10th the face value, maintaining the same investment value. The subdivision may improve affordability and trading volumes for retail investors.
Impact Justification
Corporate action affecting share structure and ISIN, requiring investor awareness but standard procedure