Description
BSE announces sub-division of Sumeet Industries equity shares from Rs.10 to five shares of Rs.2 each with record date October 3, 2025.
Summary
BSE has announced the sub-division of equity shares for Sumeet Industries Ltd (Scrip Code: 514211). Each existing equity share of Rs.10 face value will be sub-divided into five equity shares of Rs.2 face value each, with the record date set for October 3, 2025.
Key Points
- Company: Sumeet Industries Ltd (Scrip Code: 514211)
- Sub-division ratio: 1 share of Rs.10 into 5 shares of Rs.2 each
- Record date: October 3, 2025
- Effective date: October 3, 2025
- Current ISIN (INE235C01028) for Rs.10 shares will become invalid from October 3, 2025
- New ISIN for Rs.2 shares to be announced separately
Regulatory Changes
The existing ISIN Number INE235C01028 for Rs.10 paid-up shares will not be valid for exchange transactions from October 3, 2025 onwards. A new ISIN will be assigned for the sub-divided Rs.2 shares.
Compliance Requirements
Trading members must note the change in share structure and ensure proper handling of transactions post-subdivision. The company has set the record date for determining eligible shareholders for the sub-division.
Important Dates
- Record Date: October 3, 2025
- Effective Date: October 3, 2025
- Notice Date: September 9, 2025
Impact Assessment
This is a standard corporate action that will increase the number of shares in circulation while proportionally reducing the face value. The sub-division typically makes shares more affordable for retail investors and may improve liquidity. Trading will continue normally with adjusted share quantities and prices from the effective date.
Impact Justification
Standard corporate action affecting share structure but no immediate trading impact