Description

Space Incubatrics Technologies Ltd will sub-divide its equity shares from Rs.10/- per share to Re.1/- per share (1:10 ratio) with record date on December 19, 2025.

Summary

BSE has announced that Space Incubatrics Technologies Ltd (Scrip Code: 541890) will sub-divide its equity shares in a 1:10 ratio. Each existing equity share with a face value of Rs.10/- will be split into ten equity shares with a face value of Re.1/- each. The record date for this sub-division 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
  • Sub-division Ratio: 1 equity share of Rs.10/- split into 10 equity shares of Re.1/- each
  • Record Date: December 19, 2025
  • Effective Date: December 19, 2025
  • Segment: Equity - Dematerialized Securities (Rolling Settlement)
  • Current ISIN (INE797Z01010) for Rs.10/- shares will become invalid for exchange transactions from December 19, 2025
  • New ISIN for Re.1/- shares will be communicated via separate notice
  • Notice Number: DR-781/2025-2026

Regulatory Changes

The existing ISIN Number INE797Z01010 (representing Rs.10/- paid-up value) will not be valid for transactions on the BSE Exchange on or after December 19, 2025. A new ISIN will be assigned for the subdivided shares with Re.1/- paid-up value, which will be communicated to the market through a separate notice.

Compliance Requirements

  • Trading members must note the record date of December 19, 2025 for the sub-division
  • All transactions involving Space Incubatrics Technologies Ltd shares must use the old ISIN until December 18, 2025
  • From December 19, 2025 onwards, only the new ISIN (to be announced) should be used for trading
  • Market participants should update their systems to reflect the new share structure and ISIN

Important Dates

  • Notice Date: December 8, 2025
  • Record Date: December 19, 2025
  • Effective Date: December 19, 2025 (new subdivided share structure becomes operative)
  • Old ISIN Invalid From: December 19, 2025

Impact Assessment

Market Impact: The stock sub-division will increase the number of outstanding shares tenfold while reducing the per-share price proportionately. This typically improves liquidity and makes shares more accessible to retail investors by lowering the absolute price per share.

Shareholder Impact: Existing shareholders will receive 10 shares for every 1 share held as of the record date. The total value of holdings remains unchanged, but the number of shares increases.

Trading Impact: There will be a transition period where the old ISIN becomes invalid and a new ISIN is introduced. Market participants must ensure their systems are updated to handle the new share structure and ISIN to avoid trading disruptions.

Operational Impact: Depositories, brokers, and custodians need to update their records to reflect the subdivided shares. The change in ISIN requires system updates across the trading ecosystem.

Impact Justification

Stock sub-division is a significant corporate action affecting share structure and liquidity but does not change fundamental value. Impacts all shareholders and requires ISIN update.