Description

Nuvama Wealth Management Ltd announces sub-division of equity shares in the ratio of 1:5, splitting each share of Rs.10/- into five shares of Rs.2/- each, effective December 26, 2025.

Summary

BSE has notified that Nuvama Wealth Management Ltd (Scrip Code: 543988) will implement a sub-division of equity shares with a record date of December 26, 2025. Each existing equity share with a face value of Rs.10/- will be split into five equity shares with a face value of Rs.2/- each. The current ISIN (INE531F01015) will become invalid for exchange transactions from the effective date, and a new ISIN for the Rs.2/- paid-up shares will be communicated separately.

Key Points

  • Company: Nuvama Wealth Management Ltd
  • Scrip Code: 543988
  • Sub-division ratio: 1:5 (One share of Rs.10/- into Five shares of Rs.2/-)
  • Record Date: December 26, 2025
  • Effective Date: December 26, 2025
  • Segment: Equity - Dematerialised Securities (Rolling Settlement)
  • Notice Reference: DR-785/2025-2026
  • Current ISIN: INE531F01015 (Rs.10/- face value)
  • Current ISIN validity: Will not be valid for transactions on or after December 26, 2025
  • New ISIN: To be communicated via separate notice

Regulatory Changes

No regulatory framework changes. This is a corporate action under existing SEBI regulations governing stock sub-division.

Compliance Requirements

  • Trading members must note the record date and effective date for the sub-division
  • Systems must be updated to reflect the new face value and ISIN effective December 26, 2025
  • The old ISIN (INE531F01015) must not be used for transactions on or after the effective date
  • Market participants should await the separate notice announcing the new ISIN for Rs.2/- paid-up shares
  • All outstanding orders and positions must be adjusted according to the 1:5 split ratio

Important Dates

  • Notice Date: December 10, 2025
  • Record Date: December 26, 2025
  • Effective Date: December 26, 2025 (new sub-divided shares tradable from this date)
  • Old ISIN Last Valid Date: December 25, 2025 (INE531F01015 not valid from December 26, 2025 onwards)

Impact Assessment

Shareholder Impact: Shareholders holding Nuvama Wealth Management Ltd shares as of the record date will receive five shares of Rs.2/- face value for every one share of Rs.10/- face value held. The total investment value remains unchanged, but liquidity may improve due to lower per-share price.

Trading Impact: The stock will trade at approximately one-fifth of its pre-split price from December 26, 2025. This may attract retail investors and improve trading volumes due to enhanced affordability.

Operational Impact: Trading systems, depositories (NSDL/CDSDL), and back-office systems of brokers and custodians must be updated to handle the new ISIN and adjusted share quantities. Market participants must ensure their systems correctly process the 1:5 adjustment.

Market Impact: Stock sub-divisions are generally viewed positively as they improve accessibility and liquidity without changing fundamental company value or shareholder ownership percentages.

Impact Justification

Stock sub-division affects shareholders by increasing share count while reducing individual share price proportionally. Requires ISIN change and trading system updates but does not alter company fundamentals or shareholder value.