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 Rs.2/- to Re.1/-. This change is effective for trades executed on and from October 31, 2025.

Key Points

  • New ISIN: INE045J01034 (replacing previous ISIN)
  • Company: Fineotex Chemical Ltd
  • Scrip Code: 533333
  • Share sub-division ratio: Rs.2/- to Re.1/- (1:2 split)
  • Effective date: October 31, 2025 (Ex-Date)
  • Depository Receipt: DR-747/2025-2026
  • Continuation of Exchange Notice No. 20251029-5 dated October 29, 2025

Regulatory Changes

No new regulatory framework changes. This is a standard corporate action where the company has sub-divided its equity shares, requiring issuance of a new ISIN number to distinguish the new face value shares from the old ones.

Compliance Requirements

  • Trading members must use the new ISIN INE045J01034 for all trades in Fineotex Chemical Ltd equity shares from October 31, 2025 onwards
  • Systems must be updated to reflect the new face value of Re.1/- per share
  • All post-trade processing, settlement, and reporting must use the new ISIN for trades executed on or after the ex-date

Important Dates

  • October 29, 2025: Original Exchange Notice No. 20251029-5 issued
  • October 30, 2025: New ISIN notification issued
  • October 31, 2025: Ex-Date - New ISIN becomes effective for trading

Impact Assessment

Market Impact: Medium - The share sub-division will double the number of outstanding shares while halving the share price, making the stock more accessible to retail investors. This is a neutral event from a valuation perspective but may increase liquidity.

Operational Impact: Trading systems, depositories, and broker platforms must be updated with the new ISIN. The timing is clear (ex-date October 31, 2025), allowing adequate preparation time.

Investor Impact: Existing shareholders will see their shareholding doubled with proportionate reduction in per-share price. No action required from investors as the change is automatic through depository systems.

Impact Justification

Routine corporate action involving ISIN change due to share sub-division. Impacts trading systems and shareholder records but is procedural in nature.