Description

BEML Ltd announces sub-division of equity shares from Rs. 10/- each to Rs. 5/- each with record date of November 3, 2025.

Summary

BEML Ltd (Scrip Code: 500048) has announced a sub-division of its equity shares. Each existing equity share with a face value of Rs. 10/- will be sub-divided into two equity shares of Rs. 5/- each. The record date for this corporate action is November 3, 2025, and the new denomination will be effective from the same date.

Key Points

  • Existing equity shares of Rs. 10/- face value will be split into two shares of Rs. 5/- each
  • Record date fixed as November 3, 2025
  • Current ISIN (INE258A01016) for Rs. 10/- shares will become invalid for exchange transactions from October 28, 2025
  • New ISIN for Rs. 5/- shares will be communicated through a separate notice
  • Sub-division effective from November 3, 2025
  • Notice reference: DR-748/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving share sub-division permitted under existing regulations.

Compliance Requirements

  • Trading members must note the record date of November 3, 2025
  • System updates required to accommodate new share denomination and ISIN
  • The old ISIN (INE258A01016) must not be used for transactions on or after October 28, 2025
  • Trading members should await separate notice regarding new ISIN for Rs. 5/- paid-up shares

Important Dates

  • October 14, 2025: Circular issue date
  • October 28, 2025: Last date for transactions using old ISIN (INE258A01016) for Rs. 10/- shares
  • November 3, 2025: Record date for sub-division
  • November 3, 2025: Effective date for new Rs. 5/- denomination

Impact Assessment

Shareholder Impact: Each shareholder will receive two shares of Rs. 5/- for every one share of Rs. 10/- held. The total investment value remains unchanged, but the number of shares doubles.

Trading Impact: Improved liquidity expected due to lower price per share post-split, making shares more accessible to retail investors. Trading systems must be updated to reflect new ISIN and denomination.

Operational Impact: Depository participants and trading members need to ensure their systems are ready to handle the ISIN change and share denomination adjustment before October 28, 2025.

Impact Justification

Stock sub-division affects all BEML shareholders with changes to share denomination and ISIN, requiring system updates and shareholder awareness.