Description

Bharat Rasayan Limited announces sub-division of equity shares from ₹10 to ₹5 face value and bonus issue in 1:1 ratio with record date December 12, 2025.

Summary

Bharat Rasayan Limited (Scrip Code: 590021) has announced a two-part corporate action: (1) sub-division of existing equity shares from face value of ₹10 to ₹5 each, and (2) bonus issue of equity shares in the ratio of 1:1. The record date is set for December 12, 2025, with deemed allotment date of December 15, 2025. Post sub-division and bonus, the total paid-up share capital will increase from 83,10,536 shares to 1,66,21,072 shares.

Key Points

  • Sub-division: Each existing equity share of ₹10 face value will be split into 2 equity shares of ₹5 face value each
  • Bonus ratio: 1:1 (one bonus share for every one existing share post sub-division)
  • Current paid-up capital: 83,10,536 shares of ₹10 face value
  • Post sub-division: 83,10,536 shares of ₹5 face value (same number, reduced face value)
  • Post bonus issue: 1,66,21,072 shares of ₹5 face value (doubled shares)
  • New ISIN to be allotted: INE838B01013
  • Distinctive numbers after sub-division: 1 to 83,10,536 (Fully Paid)
  • Distinctive numbers for bonus shares: 8310537 to 16621072
  • No shares kept in abeyance before or after bonus issue
  • No government holding before or after bonus issue

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action for capital restructuring.

Compliance Requirements

  • Company must submit requisite documents for credit of bonus shares to depository system by 12 PM on December 15, 2025 (next working day after record date)
  • Company has provided undertaking for timely submission of documents
  • Company Secretary has certified the statement of bonus entitlement and undertaking

Important Dates

  • Circular Date: December 3, 2025
  • Record Date: December 12, 2025 (Friday)
  • Deemed Date of Allotment: December 15, 2025 (Monday)
  • Document Submission Deadline: December 15, 2025 by 12:00 PM
  • Trading of Bonus Shares: December 16, 2025 (Tuesday) onwards

Impact Assessment

Shareholder Impact: Existing shareholders will see their shareholding double after both actions complete. Each share of ₹10 will become 2 shares of ₹5, then bonus issue will add another share for each post-split share, resulting in 4 shares of ₹5 for every original share of ₹10.

Market Impact: The sub-division and bonus issue will significantly improve liquidity by quadrupling the number of shares outstanding. The lower face value and increased float should make the stock more accessible to retail investors.

Trading Impact: Stock price will adjust downward proportionately on ex-date. Futures and options contracts will undergo adjustment. Higher trading volumes expected due to increased liquidity.

Capital Structure: Total share capital increases from ₹4,15,52,680 to ₹8,31,05,360 in value terms, while the number of shares increases from 83,10,536 to 1,66,21,072.

Impact Justification

Significant corporate action involving both stock split and bonus issue doubling the number of shares. High impact on existing shareholders and market liquidity.