Description

BEML Ltd announces sub-division of equity shares from Rs. 10/- per share to Rs. 5/- per share in a 1:2 ratio, effective 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 with a face value of Rs. 5/- each. The record date for this corporate action is November 3, 2025, and the new share structure will be effective from the same date.

Key Points

  • Company: BEML Ltd (Scrip Code: 500048)
  • Corporate Action: Sub-division of equity shares
  • Sub-division Ratio: 1 share of Rs. 10/- into 2 shares of Rs. 5/- each
  • Record Date: November 3, 2025
  • Effective Date: November 3, 2025
  • Security Type: Dematerialised Securities – Rolling Settlement
  • Notice Reference: DR-748/2025-2026

Regulatory Changes

No new regulatory changes are introduced by this circular. This is a standard corporate action notification for stock sub-division in compliance with existing BSE listing requirements.

Compliance Requirements

  • Trading members must note the record date and effective date for the sub-division
  • All transactions must reflect the new share structure from November 3, 2025
  • The existing ISIN No. INE258A01016 (Rs. 10/- paid up) will cease to be valid for exchange transactions from October 28, 2025
  • Market participants must await separate notice for the new ISIN number applicable to Rs. 5/- paid-up shares

Important Dates

  • October 14, 2025: Circular issue date
  • October 28, 2025: Last date for trading under old ISIN INE258A01016 (Rs. 10/- paid up)
  • November 3, 2025: Record date and effective date for sub-division
  • November 3, 2025: New share structure becomes effective for trading

Impact Assessment

Shareholder Impact: Each shareholder will receive two shares of Rs. 5/- face value for every one share of Rs. 10/- face value held. This doubles the number of shares held but maintains the same total investment value.

Trading Impact: The sub-division will result in a lower price per share (approximately half), potentially improving liquidity and making shares more accessible to retail investors. The old ISIN will be invalid from October 28, 2025, requiring system updates.

Operational Impact: Brokers, depositories, and trading systems must update their records to reflect the new ISIN and share structure. There will be a brief transition period between October 28 and November 3, 2025, where the old ISIN becomes invalid and before the new structure is fully effective.

Market Sentiment: Stock sub-divisions are generally viewed positively as they improve affordability and liquidity, though they do not change the fundamental value of the company.

Impact Justification

Stock sub-division is a significant corporate action affecting all BEML shareholders. While it doesn't change fundamental value, it impacts trading logistics, ISIN numbers, and share quantities for all investors.