Description
Sumeet Industries Ltd announces subdivision of equity shares from Rs. 10 each to five shares of Rs. 2 each with record date October 3, 2025.
Summary
Sumeet Industries Ltd (Scrip Code: 514211) has announced the subdivision of its equity shares. Each existing equity share of Rs. 10 face value will be subdivided into five equity shares of Rs. 2 face value each, effective October 3, 2025.
Key Points
- Company: Sumeet Industries Ltd (Scrip Code: 514211)
- Action: Subdivision of equity shares from Rs. 10 to Rs. 2 face value
- Ratio: 1:5 (one share of Rs. 10 becomes five shares of Rs. 2)
- Record date: October 3, 2025
- Effective date: October 3, 2025
Regulatory Changes
- Current ISIN No. INE235C01028 for Rs. 10 paid-up shares will become invalid for exchange transactions from October 3, 2025
- New ISIN number for Rs. 2 paid-up shares will be communicated separately
Compliance Requirements
- Trading members must note the subdivision and updated share structure
- All transactions must use the new ISIN from the effective date
- Market participants should await separate notice for new ISIN details
Important Dates
- Record Date: October 3, 2025
- Effective Date: October 3, 2025
- ISIN Validity: Current ISIN invalid from October 3, 2025
Impact Assessment
Trading Impact: Moderate - affects share structure and requires ISIN change Investor Impact: Neutral - proportional increase in shareholding with reduced face value Operational Impact: Medium - requires system updates for new ISIN and subdivision ratio
Impact Justification
Standard corporate action affecting share structure and trading mechanics