Description

BSE announces new ISIN number INE060D01028 for Narmada Macplast Drip Irrigation Systems Ltd following sub-division of equity shares from Rs.10/- to Rs.2/-, effective from October 17, 2025.

Summary

BSE has issued a new ISIN number INE060D01028 for Narmada Macplast Drip Irrigation Systems Ltd (Scrip Code: 517431) following the sub-division of equity shares from face value of Rs.10/- to Rs.2/-. This notice is in continuation of Exchange Notice No. 20251009-60 dated October 09, 2025. The new ISIN will be effective for all trades executed on and from the ex-date of October 17, 2025.

Key Points

  • Company: NARMADA MACPLAST DRIP IRRIGATION SYSTEMS LTD
  • Scrip Code: 517431
  • New ISIN: INE060D01028
  • Corporate Action: Sub-division of Equity Shares
  • Old Face Value: Rs.10/- per share
  • New Face Value: Rs.2/- per share
  • Split Ratio: 1:5 (one share of Rs.10/- becomes five shares of Rs.2/-)
  • DR Reference: 738/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action notification regarding ISIN modification following share sub-division as per existing regulatory provisions.

Compliance Requirements

  • Trading Members must update their systems with the new ISIN number INE060D01028
  • All trades in the sub-divided equity shares (Rs.2/- face value) from ex-date onwards must use the new ISIN
  • Systems must be configured to handle the transition from old to new ISIN seamlessly -Depository participants should ensure proper credit of sub-divided shares to shareholder demat accounts

Important Dates

  • Notice Date: October 15, 2025
  • Ex-Date: October 17, 2025 (new ISIN becomes effective for trading)
  • Reference Notice: Exchange Notice No. 20251009-60 dated October 09, 2025

Impact Assessment

Market Impact: Medium - The share sub-division will increase the number of outstanding shares by 5x while reducing the trading price proportionately. This typically improves liquidity and makes shares more accessible to retail investors. The new lower price per share may attract increased trading interest.

Operational Impact: Trading members and market participants must update their systems to reflect the new ISIN. Existing shareholders will see their holdings multiplied by 5 with proportionate reduction in price per share. All pending orders, if any, may need to be adjusted for the new face value.

Investor Impact: Existing shareholders will receive 5 shares of Rs.2/- face value for every 1 share of Rs.10/- face value held. The total investment value remains unchanged, but the number of shares increases.

Impact Justification

ISIN change due to stock sub-division affects trading and settlement for shareholders but is a routine corporate action with clear implementation timeline