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. Each existing equity share of ₹10 will be split into 2 shares of ₹5 each, followed by issuance of 1 bonus share for every 1 existing share of ₹5. The record date is December 12, 2025, with deemed allotment on December 15, 2025, and trading availability from December 16, 2025.

Key Points

  • Sub-division: 1 existing equity share of ₹10 face value split into 2 equity shares of ₹5 face value each
  • Bonus issue ratio: 1:1 (1 bonus equity share of ₹5 for every 1 existing fully paid-up equity share of ₹5)
  • Current paid-up share capital before bonus: 83,10,536 shares
  • Shares to be issued as bonus: 83,10,536 shares
  • Total paid-up share capital after bonus: 1,66,21,072 shares of ₹5 each
  • Total capital amount after bonus: ₹8,31,05,360
  • New ISIN to be allotted: INE838B01013
  • Distinctive numbers after sub-division: 1 to 83,10,536 (fully paid)
  • Distinctive numbers for bonus shares: 83,10,537 to 1,66,21,072
  • No shares kept in abeyance
  • No government holding before or after bonus

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action involving sub-division and bonus issue under existing securities regulations.

Compliance Requirements

  • Company to submit requisite documents for credit of bonus shares to depository system by 12 PM on December 15, 2025 (next working day after record date)
  • Undertaking provided by Company Secretary & Compliance Officer (Nikita Chadha) for timely compliance
  • All documents submitted to BSE Corporate Relations department

Important Dates

  • Circular Date: December 3, 2025
  • Record Date: December 12, 2025 (Friday)
  • Deemed Date of Allotment: December 15, 2025 (Monday)
  • Trading Availability: December 16, 2025 (Tuesday) - Bonus shares available for trading from beginning of day
  • Document Submission Deadline: December 15, 2025 by 12:00 PM

Impact Assessment

Market Impact: High - The combined sub-division and bonus issue will result in shareholders holding 4 times the number of shares (2x from split, 2x from bonus) at ₹5 face value compared to original ₹10 shares. This significantly increases liquidity and reduces per-share price, potentially making the stock more accessible to retail investors.

Shareholder Impact: Existing shareholders will see their shareholding increase from 1 share of ₹10 to 4 shares of ₹5 (2 from split + 2 from bonus), maintaining proportional ownership while improving trading flexibility.

Operational Impact: Total issued capital increases from ₹83,10,536 to ₹8,31,05,360 in absolute terms. New ISIN will be assigned. Trading systems and depository participants must update records to reflect new share structure and distinctive number ranges.

Impact Justification

Significant corporate action involving both stock split and 1:1 bonus issue, doubling outstanding shares and halving face value, materially affecting shareholding structure and trading