Description

BSE announces new ISIN INE045J01034 for Fineotex Chemical Ltd following sub-division of equity shares from Rs.2/- to Re.1/- effective October 31, 2025.

Summary

BSE has issued a new ISIN number INE045J01034 for Fineotex Chemical Ltd (Scrip Code: 533333) following the sub-division of equity shares from face value of Rs.2/- to Re.1/-. This continues the exchange notice dated October 29, 2025, and will be effective for all trades executed on and from the ex-date of October 31, 2025.

Key Points

  • New ISIN number: INE045J01034
  • Company: Fineotex Chemical Ltd (Scrip Code: 533333)
  • Corporate action: Sub-division of equity shares from Rs.2/- to Re.1/-
  • New face value: Re.1/- per equity share
  • Ex-date for new ISIN: October 31, 2025
  • Reference: DR-747/2025-2026
  • Continuation of Exchange Notice No. 20251029-5 dated October 29, 2025

Regulatory Changes

The ISIN (International Securities Identification Number) for Fineotex Chemical Ltd equity shares will change from the old ISIN to INE045J01034 to reflect the sub-division of shares. This change is mandated to distinguish between the old shares (Rs.2/- face value) and new shares (Re.1/- face value) in the depository system.

Compliance Requirements

  • Trading members must use the new ISIN number INE045J01034 for all trades in Fineotex Chemical Ltd equity shares executed on or after October 31, 2025
  • Depository participants should update their systems to reflect the new ISIN for post-subdivision shares
  • Market participants must ensure proper distinction between pre-subdivision and post-subdivision shares in their records

Important Dates

  • October 29, 2025: Initial exchange notice (No. 20251029-5) issued
  • October 30, 2025: Current circular issued with new ISIN details
  • October 31, 2025: Ex-date - new ISIN becomes effective for all trades

Impact Assessment

This ISIN change is a standard administrative procedure accompanying the share sub-division corporate action. The impact includes:

  • Shareholders: Existing shareholders will see their holdings doubled with half the face value per share, maintaining the same total investment value
  • Trading Systems: All trading and settlement systems must be updated to recognize the new ISIN from the ex-date
  • Liquidity: Share sub-division typically aims to improve liquidity by reducing per-share price and making shares more accessible to retail investors
  • Demat Accounts: Investors will see the old ISIN shares converted to new ISIN shares in their demat accounts post ex-date

The change is purely administrative and does not affect the fundamental value or rights attached to the equity shares.

Impact Justification

ISIN change due to share sub-division affects trading and demat accounts for existing shareholders but is routine corporate action with clear implementation date