Description

Stock split announcement with record date October 18, 2025, subdividing equity shares from Rs. 10/- to Rs. 2/- each in 1:5 ratio.

Summary

BSE has announced the sub-division of equity shares for Narmada Macplast Drip Irrigation Systems Ltd (Scrip Code: 517431). The company will split each existing equity share of face value Rs. 10/- into five equity shares of face value Rs. 2/- each, with a record date of October 18, 2025. The existing ISIN INE060D01010 will cease to be valid for transactions from October 17, 2025.

Key Points

  • Company: Narmada Macplast Drip Irrigation Systems Ltd
  • Scrip Code: 517431
  • Sub-division ratio: 1 share of Rs. 10/- into 5 shares of Rs. 2/-
  • Record Date: October 18, 2025
  • Effective Date: October 17, 2025
  • Current ISIN: INE060D01010 (Rs. 10/- paid up)
  • Old ISIN validity: Not valid for transactions from October 17, 2025 onwards
  • New ISIN: To be communicated separately
  • Notice Number: DR-738/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving stock split/sub-division of equity shares.

Compliance Requirements

  • Trading members must note the record date of October 18, 2025
  • Transactions using old ISIN INE060D01010 will not be accepted from October 17, 2025
  • Members must await separate notice for new ISIN number for Rs. 2/- paid-up shares
  • Update systems and records to reflect new face value and share quantity post-subdivision

Important Dates

  • October 9, 2025: Announcement date
  • October 17, 2025: Effective date for sub-division; old ISIN becomes invalid
  • October 18, 2025: Record date for determining shareholders eligible for sub-division
  • New ISIN: To be announced via separate notice

Impact Assessment

Market Impact: The 1:5 stock split will increase the number of outstanding shares by 5x while reducing the share price proportionally. This typically improves liquidity and makes shares more accessible to retail investors.

Trading Impact: All trading systems must be updated before October 17, 2025. The old ISIN will be deactivated, requiring transition to the new ISIN for continued trading.

Shareholder Impact: Existing shareholders will receive 5 shares for every 1 share held as of the record date. Total investment value remains unchanged, only the number of shares and price per share changes.

Operational Impact: Brokers, depositories, and trading members need to update their systems to reflect the new face value, ISIN, and adjusted share quantities.

Impact Justification

Standard stock split affecting liquidity and trading; requires ISIN update but routine corporate action