Description
Synthiko Foils Ltd has set a record date of October 17, 2025 for consolidation of two equity shares of Rs.5/- each into one equity share of Rs.10/- each. Trading will be suspended from October 17, 2025.
Summary
BSE has notified trading members that Synthiko Foils Ltd (Scrip Code 513307) will consolidate its equity shares on October 17, 2025. The consolidation will merge two existing equity shares of Rs.5/- face value each into one equity share of Rs.10/- face value. Trading members are advised not to deal in the company’s equity shares from October 17, 2025 onwards.
Key Points
- Company: Synthiko Foils Ltd
- Scrip Code: 513307
- Record Date: October 17, 2025
- Purpose: Consolidation of equity shares
- Consolidation Ratio: 2:1 (Two shares of Rs.5/- each consolidated into one share of Rs.10/- each)
- No dealings permitted from: October 17, 2025
- Notice Reference: DR-738/2025-2026
- Notice Date: October 14, 2025
Regulatory Changes
No regulatory framework changes. This is a company-specific corporate action involving share consolidation under existing regulations.
Compliance Requirements
- Trading members must not execute any trades in Synthiko Foils Ltd equity shares from October 17, 2025
- Trading members are required to take note of the share consolidation and record date
- Members should inform their clients holding shares of Synthiko Foils Ltd about the consolidation action
Important Dates
- October 14, 2025: Circular issued by BSE
- October 17, 2025: Record date for share consolidation and start of trading suspension
Impact Assessment
Impact on Shareholders: Existing shareholders will see their shareholding adjusted in a 2:1 ratio. Shareholders holding two shares of Rs.5/- face value will receive one share of Rs.10/- face value. The proportionate ownership and value remain unchanged.
Trading Impact: Trading in the scrip will be suspended from the record date. The suspension allows for updating records and systems to reflect the new share structure.
Liquidity Impact: Temporary impact on liquidity due to trading suspension. Post-consolidation, the reduced number of shares may affect liquidity dynamics depending on shareholding pattern.
Operational Impact: Brokers and depositories need to update their systems to reflect the new ISIN and share denomination. Clients’ demat accounts will be adjusted automatically to reflect the consolidated holdings.
Impact Justification
Share consolidation affects existing shareholders through change in share denomination and trading suspension, but is a routine corporate action with limited market-wide impact