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 a subdivision of its equity shares with a record date of October 3, 2025. Each existing equity share of Rs.10 face value will be subdivided into five equity shares of Rs.2 face value each.
Key Points
- Company: Sumeet Industries Ltd (Scrip Code: 514211)
- Record Date: October 3, 2025
- Subdivision Ratio: 1:5 (One share of Rs.10 becomes five shares of Rs.2)
- Effective Date: October 3, 2025
- Current ISIN INE235C01028 (Rs.10 paid-up) will become invalid for trading from October 3, 2025
- New ISIN for Rs.2 paid-up shares to be announced separately
Regulatory Changes
The existing ISIN Number INE235C01028 for Rs.10 paid-up shares will not be valid for transactions on the Exchange on or after October 3, 2025. A new ISIN Number for the Rs.2 paid-up shares will be communicated through a separate notice.
Compliance Requirements
Trading members must note the subdivision details and prepare for the transition to the new share structure and ISIN effective October 3, 2025.
Important Dates
- Record Date: October 3, 2025
- Effective Date for subdivision: October 3, 2025
- Last trading day for old ISIN: October 2, 2025
Impact Assessment
The subdivision will increase the number of shares outstanding by a factor of five 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.
Impact Justification
Corporate action affecting share structure and ISIN, impacting shareholders and trading systems