Description

Rolex Rings Ltd will sub-divide equity shares from Rs.10 face value to Re.1 face value (1:10 ratio) with record date October 17, 2025.

Summary

Rolex Rings Ltd (Scrip Code: 543325) has announced a sub-division of its equity shares in the ratio of 1:10. Each existing equity share with a face value of Rs.10 will be split into ten equity shares with a face value of Re.1 each. The record date for this corporate action is October 17, 2025, and the new face value becomes effective from the same date.

Key Points

  • Company: Rolex Rings Ltd (Scrip Code: 543325)
  • Corporate Action: Sub-division of equity shares (stock split)
  • Split Ratio: 1:10 (one share of Rs.10 becomes ten shares of Re.1)
  • Old Face Value: Rs.10 per equity share
  • New Face Value: Re.1 per equity share
  • Record Date: October 17, 2025
  • Effective Date: October 17, 2025
  • Old ISIN (INE645S01016) will become invalid for exchange transactions from October 17, 2025
  • New ISIN for Re.1 paid-up shares to be notified separately

Regulatory Changes

No regulatory framework changes. This is a standard corporate action permitted under company law where the face value of shares is subdivided to improve liquidity and affordability.

Compliance Requirements

  • Trading members must note the record date of October 17, 2025
  • All transactions on or after October 17, 2025 must use the new ISIN (to be announced)
  • The old ISIN INE645S01016 will not be valid for exchange transactions from October 17, 2025 onwards
  • Market participants should await separate notice for the new ISIN number
  • Demat accounts will be automatically adjusted to reflect the new quantity and face value

Important Dates

  • October 6, 2025: Circular announcement date
  • October 17, 2025: Record date for sub-division
  • October 17, 2025: Effective date for new face value (Re.1)
  • October 17, 2025: Old ISIN becomes invalid for exchange transactions

Impact Assessment

Shareholder Impact: Existing shareholders will receive 10 shares for every 1 share held. The total value of holdings remains unchanged, but the number of shares increases proportionately.

Market Impact: Stock splits typically improve liquidity by reducing the per-share price, making shares more accessible to retail investors. The 1:10 split will reduce the trading price to approximately one-tenth of the current level.

Trading Impact: A new ISIN will be assigned, requiring system updates by brokers, depositories, and market infrastructure. No trading disruption is expected as this is a standard corporate action.

Operational Impact: Depositories (NSDL/CDSL) will automatically credit additional shares to demat accounts based on holdings as of the record date. No action required from shareholders.

Impact Justification

Stock split affects all shareholders and requires ISIN change, but is routine corporate action with no negative implications