Description
BSE announces new ISIN number 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 Notice No. 20251205-21 informing Trading Members about the new ISIN number for Bharat Rasayan Ltd (Scrip Code: 590021) following the sub-division of equity shares. The company’s equity shares are being sub-divided from Rs.10/- per share to Rs.5/- per share. The new ISIN number INE838B01021 will become effective for trades executed on and from the ex-date of December 12, 2025.
Key Points
- Company: BHARAT RASAYAN LTD (Scrip Code: 590021)
- New ISIN Number: INE838B01021
- Corporate Action: Sub-division of equity shares from Rs.10/- to Rs.5/-
- Ex-Date for new ISIN: December 12, 2025
- Notice continues from Exchange Notice No. 20251204-10 dated December 04, 2025
- Document Reference: DR-776/2025-2026
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action announcement following SEBI and BSE guidelines for stock sub-division and ISIN reallocation.
Compliance Requirements
- Trading Members must update their systems with the new ISIN number INE838B01021
- The new ISIN must be used for all trades executed on or after December 12, 2025
- Depository participants and custodians need to update their records accordingly
- Investors holding shares in demat form will see automatic update in their accounts post ex-date
Important Dates
- Notice Date: December 05, 2025
- Ex-Date: December 12, 2025 - New ISIN becomes effective from this date
- All trades executed from December 12, 2025 onwards must use the new ISIN number
Impact Assessment
Market Impact: Medium - The stock sub-division (split) makes shares more affordable and could improve liquidity. The face value reduction from Rs.10 to Rs.5 means shareholders will receive two shares for every one share held, though the total investment value remains unchanged.
Operational Impact: Trading systems, back-office operations, and demat accounts need to be updated with the new ISIN. Market participants must ensure their systems are configured to handle the ISIN change from the ex-date.
Shareholder Impact: Existing shareholders will see their shareholding doubled in quantity while the per-share price will be halved, maintaining the same investment value. This is a positive corporate action that typically enhances marketability of shares.
Impact Justification
ISIN change due to stock sub-division affects shareholders and trading systems but is a routine corporate action with clear implementation date