Description

BSE announces new ISIN INE838B01021 for Bharat Rasayan Ltd following sub-division of equity shares from Rs.10 to Rs.5, effective 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 Rs.10 to Rs.5. The new ISIN will be effective for all trades executed on or after the ex-date of December 12, 2025. This notice continues from Exchange Notice No. 20251204-10 dated December 04, 2025.

Key Points

  • Company: Bharat Rasayan Ltd (Scrip Code: 590021)
  • New ISIN: INE838B01021
  • Corporate Action: Sub-division of equity shares from Rs.10/- to Rs.5/-
  • Ex-Date: December 12, 2025
  • Document Reference: DR-776/2025-2026
  • Notice Number: 20251205-21
  • Continuation of previous notice dated December 04, 2025

Regulatory Changes

No regulatory framework changes. This is a corporate action notification regarding ISIN change due to stock split.

Compliance Requirements

  • Trading members must update their systems with the new ISIN INE838B01021 for equity shares of Rs.5/- face value
  • All trades executed on or after December 12, 2025 must use the new ISIN
  • Members should ensure proper mapping of the new ISIN in their trading and settlement systems before the ex-date
  • Depository participants and investors should update their records accordingly

Important Dates

  • Notice Date: December 05, 2025
  • Ex-Date: December 12, 2025 (effective date for new ISIN usage)
  • Previous Notice: December 04, 2025 (Notice No. 20251204-10)

Impact Assessment

Market Impact: Medium - The stock split increases liquidity by reducing share price, making shares more accessible to retail investors. Trading volume may increase post-split.

Operational Impact: Trading members, clearing corporations, and depository participants must update systems with the new ISIN before December 12, 2025. Failure to update may result in trade rejections or settlement issues.

Investor Impact: Existing shareholders will receive double the number of shares at half the price. No change in total investment value. Investors must ensure their demat accounts reflect the correct ISIN post-split for seamless trading.

Impact Justification

Stock split affects trading and settlement systems but is a routine corporate action. Investors and trading members need to update records with new ISIN for proper trade execution post ex-date.