Description
Synthiko Foils Ltd has fixed October 17, 2025 as the record date for consolidating two equity shares of Rs.5/- each into one equity share of Rs.10/- each. No dealings permitted from October 17, 2025.
Summary
Synthiko Foils Ltd (Scrip Code 513307) has announced a share consolidation whereby two existing equity shares of face value Rs.5/- each will be consolidated into one equity share of face value Rs.10/- each. The record date for this consolidation has been fixed as October 17, 2025. Trading members are advised that no dealings in the company’s equity shares will be permitted from October 17, 2025 onwards.
Key Points
- Company: Synthiko Foils Ltd (Scrip Code 513307)
- Corporate Action: Share Consolidation
- Consolidation Ratio: 2:1 (Two shares of Rs.5/- into One share of Rs.10/-)
- Record Date: October 17, 2025
- Trading Suspension: From October 17, 2025
- Notice Reference: DR-738/2025-2026
- Notice Date: October 14, 2025
- Issuing Authority: Marian Dsouza, Assistant Vice President – Listing Operations
Regulatory Changes
No regulatory framework changes. This is a company-specific corporate action involving capital restructuring through share consolidation, which is a standard corporate action permitted under applicable securities laws.
Compliance Requirements
- Trading members must not deal in equity shares of Synthiko Foils Ltd from October 17, 2025
- Trading members are required to take note of the consolidation and adjust their records accordingly
- All stakeholders must recognize the new face value of Rs.10/- per share post-consolidation
Important Dates
- October 14, 2025: Circular issued by BSE
- October 17, 2025: Record date for share consolidation; trading suspension begins
Impact Assessment
Shareholder Impact: Shareholders will see their shareholding quantity reduced by half, but the total value remains unchanged as two Rs.5/- shares become one Rs.10/- share. Fractional shares may need special handling as per company procedures.
Trading Impact: Trading in Synthiko Foils Ltd equity shares will be suspended from the record date to facilitate the consolidation process. This is a temporary measure standard for such corporate actions.
Market Impact: Limited broader market impact as this is company-specific. The consolidation typically aims to improve share liquidity or meet regulatory requirements regarding minimum face value or share price levels.
Operational Impact: Brokers and depositories will need to update their systems to reflect the new share structure post-consolidation.
Impact Justification
Share consolidation is a significant corporate action affecting share structure and shareholding patterns, requiring trading suspension from record date. Impact is company-specific with no broader market implications.