Description

Stock split of Narmada Macplast Drip Irrigation Systems Ltd from Rs. 10/- per share to Rs. 2/- per share in 1:5 ratio, effective October 17, 2025.

Summary

BSE has announced the sub-division of equity shares of Narmada Macplast Drip Irrigation Systems Ltd (Scrip Code: 517431). Each existing equity share with a face value of Rs. 10/- will be split into five equity shares with a face value of Rs. 2/- each. The record date for this subdivision is October 18, 2025, with the new denomination effective from October 17, 2025.

Key Points

  • Company: Narmada Macplast Drip Irrigation Systems Ltd
  • Scrip Code: 517431
  • Subdivision Ratio: 1:5 (One share of Rs. 10/- into Five shares of Rs. 2/-)
  • Record Date: October 18, 2025
  • Effective Date: October 17, 2025 (W.E.F.)
  • Segment: Equity - Dematerialised Securities – Rolling Settlement
  • Notice Number: DR-738/2025-2026
  • Current ISIN (Rs. 10/- paid up): INE060D01010 (will become invalid)
  • New ISIN for Rs. 2/- paid up: To be informed separately

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for stock subdivision.

Compliance Requirements

  • Trading members must note that ISIN No. INE060D01010 (Rs. 10/- paid up) will not be valid for transactions on the Exchange on or after October 17, 2025
  • Market participants must await separate notice for new ISIN Number for Rs. 2/- paid up shares
  • All trades from October 17, 2025 onwards must use the new ISIN once announced

Important Dates

  • October 9, 2025: Circular issued
  • October 17, 2025: Effective date for subdivision; old ISIN becomes invalid for trading
  • October 18, 2025: Record date for subdivision eligibility

Impact Assessment

Shareholder Impact: Existing shareholders will receive 5 shares for every 1 share held as of the record date. Total investment value remains unchanged, but number of shares increases proportionally.

Trading Impact: Stock subdivision typically improves liquidity and makes shares more accessible to retail investors by reducing per-share price. Trading will transition to new ISIN from October 17, 2025.

Operational Impact: Investors and trading members must ensure they are aware of ISIN changes to avoid transaction failures. The old ISIN will be deactivated for trading purposes from the effective date.

Impact Justification

Standard corporate action affecting existing shareholders through stock subdivision. Impacts liquidity and trading with new ISIN effective date. Medium impact as it affects share denomination and requires investor awareness of ISIN changes.