Description

BSE announces new ISIN INE838B01021 for BHARAT RASAYAN LTD following sub-division of equity shares from Rs.10/- to Rs.5/-, effective from ex-date December 12, 2025.

Summary

BSE has issued a new ISIN number INE838B01021 for BHARAT RASAYAN LTD (Scrip Code: 590021) following the sub-division of equity shares from face value of Rs.10/- to Rs.5/-. This is a continuation of Exchange Notice No. 20251204-10 dated December 04, 2025. The new ISIN will be effective for all trades executed on and from the ex-date of December 12, 2025.

Key Points

  • Company: BHARAT RASAYAN LTD (Scrip Code: 590021)
  • New ISIN: INE838B01021
  • Corporate Action: Sub-division of equity shares
  • Old Face Value: Rs.10/- per share
  • New Face Value: Rs.5/- per share
  • Ex-Date: December 12, 2025
  • Record Type: DR-776/2025-2026
  • Notice Date: December 05, 2025

Regulatory Changes

No regulatory framework changes. This is a standard corporate action where the company has subdivided its equity shares, requiring the allocation of a new ISIN to distinguish the new Rs.5/- face value shares from the old Rs.10/- face value shares.

Compliance Requirements

  • Trading Members must note the new ISIN number INE838B01021 for trades in BHARAT RASAYAN LTD equity shares
  • The new ISIN must be used for all trades executed on or after December 12, 2025
  • Systems and records should be updated to reflect the new ISIN and face value change
  • Shareholders’ demat accounts will be automatically updated with the subdivided shares in the new ISIN

Important Dates

  • Notice Date: December 05, 2025
  • Ex-Date: December 12, 2025 (new ISIN becomes effective for trading)
  • Reference to Prior Notice: Exchange Notice No. 20251204-10 dated December 04, 2025

Impact Assessment

Market Impact: Low to medium. Share sub-division is a positive corporate action that increases liquidity by reducing the per-share price, making shares more accessible to retail investors. The share count will double for existing shareholders while maintaining the same total investment value.

Operational Impact: Medium. Trading systems, clearing systems, and member back-offices must be updated to recognize the new ISIN from the ex-date. Proper system configuration is critical to ensure smooth trading operations.

Investor Impact: Neutral. Existing shareholders will receive additional shares in proportion to their holdings (1:1 split, receiving 2 shares of Rs.5/- for every 1 share of Rs.10/-). The total value of holdings remains unchanged, but increased share count may improve trading liquidity.

Impact Justification

Routine corporate action affecting single stock - share sub-division requires ISIN change but has standard operational impact on trading systems and shareholders