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 corporate action involving sub-division of equity shares and a bonus issue. Each existing equity share of face value ₹10 will be sub-divided into 2 equity shares of ₹5 each. Additionally, the company will issue bonus shares in the ratio of 1:1, meaning 1 bonus equity share of ₹5 for every 1 existing fully paid-up equity share of ₹5.

Key Points

  • Sub-division of 1 equity share of ₹10 face value into 2 equity shares of ₹5 face value each
  • Bonus issue in ratio of 1:1 (1 bonus share for every 1 existing share after sub-division)
  • Total paid-up shares before sub-division: 41,55,268 shares of ₹10 each
  • Total shares after sub-division: 83,10,536 shares of ₹5 each
  • Total bonus shares to be issued: 83,10,536 shares of ₹5 each
  • Final total paid-up capital after bonus: 1,66,21,072 shares of ₹5 each (₹8,31,05,360)
  • New ISIN to be allotted: INE838B01013
  • Distinctive number range after sub-division: 1 to 83,10,536
  • Distinctive number range for bonus shares: 8310537 to 16621072
  • No shares kept in abeyance
  • Zero government holding

Regulatory Changes

No regulatory changes introduced. This is a corporate action filing in compliance with existing BSE listing requirements for sub-division and bonus issue notifications.

Compliance Requirements

  • Company has filed undertaking with BSE dated November 21, 2025
  • Requisite documents for credit of bonus shares to be submitted to depository system by 12 PM on next working day of record date (December 15, 2025)
  • Company Secretary Nikita Chadha is the Compliance Officer for this corporate action
  • All documentation submitted to BSE Corporate Relations department

Important Dates

  • Record Date: December 12, 2025 (Friday)
  • Deemed Date of Allotment: December 15, 2025 (Monday) - next working day after record date
  • Trading Availability: December 16, 2025 (Tuesday) - bonus shares available for trading from beginning of next working day after allotment
  • Circular Date: December 3, 2025
  • Undertaking Date: November 21, 2025

Impact Assessment

Market Impact: High impact on trading as the effective result is a 4x increase in number of shares outstanding (2x from sub-division, then 2x from bonus issue). This will significantly improve liquidity and make shares more accessible to retail investors with lower price per share.

Shareholder Impact: Existing shareholders will see their shareholding increase from 1 share to 4 shares (1 becomes 2 after sub-division, then doubles to 4 after 1:1 bonus), while maintaining the same proportionate ownership in the company. No cash outflow required from shareholders.

Trading Impact: Post-corporate action, the stock price will adjust proportionately. Investors should note the new ISIN and distinctive number ranges when trading. The sub-division and bonus combination effectively splits the stock 1:4.

Impact Justification

High importance and impact due to significant corporate action involving both stock split and bonus issue that doubles shareholder equity and affects trading dynamics