Description

BSE announces new ISIN number 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 notice regarding the new ISIN number for Fineotex Chemical Ltd (Scrip Code: 533333) following the sub-division of its equity shares. The company’s equity shares are being sub-divided from face value of Rs. 2/- per share to Re. 1/- per share. The new ISIN number INE045J01034 will be effective for all trades executed on and from October 31, 2025 (Ex-Date).

Key Points

  • Company: Fineotex Chemical Ltd (Scrip Code: 533333)
  • New ISIN Number: INE045J01034
  • Corporate Action: Sub-division of equity shares
  • Old Face Value: Rs. 2/- per share
  • New Face Value: Re. 1/- per share
  • Ex-Date: October 31, 2025
  • DR Number: 747/2025-2026
  • Notice Number: 20251030-3
  • This notice is in continuation of Exchange Notice No. 20251029-5 dated October 29, 2025

Regulatory Changes

No regulatory framework changes. This is a corporate action involving stock sub-division where the face value of equity shares is being reduced by 50%, resulting in shareholders receiving twice the number of shares with half the face value.

Compliance Requirements

  • Trading members must update their systems to reflect the new ISIN number INE045J01034
  • All trades executed on or after October 31, 2025 must use the new ISIN number
  • Settlement and clearing systems need to be configured for the new equity share denomination of Re. 1/-
  • Trading members should ensure proper mapping between old and new ISIN for client holdings

Important Dates

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

Impact Assessment

Market Impact: Medium. The stock sub-division will result in lower price per share, potentially improving liquidity and making the stock more accessible to retail investors. The 1:2 sub-division doubles the number of outstanding shares while halving the face value.

Operational Impact: Trading members and depositories must update their systems to handle the new ISIN and ensure seamless transition. Shareholders’ holdings will be automatically adjusted in demat accounts.

Investor Impact: Existing shareholders will receive twice the number of shares at half the face value, with no change in their overall investment value or ownership percentage. The sub-division may improve trading volumes due to lower absolute share price.

Impact Justification

Stock sub-division affects all shareholders and trading systems but is a routine corporate action with clear implementation timeline