Description

Space Incubatrics Technologies Ltd announces sub-division of equity shares from Rs.10/- each to Re.1/- each with record date December 19, 2025.

Summary

Space Incubatrics Technologies Ltd (Scrip Code: 541890) has announced a sub-division of its equity shares. Each existing equity share with face value of Rs.10/- will be split into 10 equity shares with face value of Re.1/- each. The record date for this corporate action is December 19, 2025, and the new share structure will be effective from the same date.

Key Points

  • Company: Space Incubatrics Technologies Ltd (Scrip Code: 541890)
  • Corporate Action: Sub-division of equity shares (stock split)
  • Split Ratio: 1:10 (One share of Rs.10/- into Ten shares of Re.1/-)
  • Record Date: December 19, 2025
  • Effective Date: December 19, 2025
  • Segment: Equity - Dematerialised Securities (Rolling Settlement)
  • Notice Reference: DR-781/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving share sub-division that complies with existing securities regulations.

Compliance Requirements

  • Trading members must note that the existing ISIN No. INE797Z01010 (for Rs.10/- paid up shares) will not be valid for transactions on the Exchange on or after December 19, 2025
  • Market participants must await separate notice from BSE announcing the new ISIN number for Re.1/- paid up shares
  • All trading and settlement systems must be updated to reflect the new share denomination and ISIN from the effective date

Important Dates

  • December 8, 2025: Circular announcement date
  • December 19, 2025: Record date for sub-division
  • December 19, 2025: Effective date - old ISIN becomes invalid, new share structure takes effect

Impact Assessment

Market Impact: The 1:10 stock split will increase the number of outstanding shares tenfold while reducing the per-share price proportionally. This typically improves liquidity and makes shares more affordable for retail investors without changing the company’s market capitalization.

Operational Impact:

  • Shareholders will receive 10 shares of Re.1/- each for every 1 share of Rs.10/- held as on record date
  • The stock price will adjust to approximately one-tenth of the pre-split price
  • Trading participants must ensure systems are updated with new ISIN before December 19, 2025
  • Demat accounts will reflect the increased number of shares post-split

Investor Impact: Neutral to positive - while shareholder value remains unchanged proportionally, increased liquidity and lower absolute share price may attract more retail participation.

Impact Justification

Stock split affects share price and liquidity but does not change company fundamentals or shareholder value proportionally