Description

Nuvama Wealth Management Ltd will sub-divide equity shares from Rs.10/- face value into five shares of Rs.2/- each, effective December 26, 2025.

Summary

Nuvama Wealth Management Ltd (Scrip Code: 543988) has announced a sub-division of its 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 existing ISIN (INE531F01015) will become invalid for transactions on or after December 26, 2025, and a new ISIN for Rs.2/- paid-up shares will be communicated separately.

Key Points

  • Company: Nuvama Wealth Management Ltd (Scrip Code: 543988)
  • Record Date: December 26, 2025
  • Split Ratio: 1:5 (One share of Rs.10/- into Five shares of Rs.2/-)
  • Effective Date: December 26, 2025
  • Existing ISIN INE531F01015 (Rs.10/- face value) will be invalid from December 26, 2025
  • New ISIN for Rs.2/- face value will be notified separately
  • Segment: Dematerialised Securities - Rolling Settlement
  • Circular Reference: DR-785/2025-2026

Regulatory Changes

No regulatory changes. This is a corporate action undertaken by the company as per existing regulations.

Compliance Requirements

  • Trading members must note the record date of December 26, 2025
  • All transactions from December 26, 2025 onwards must use the new ISIN for Rs.2/- paid-up shares
  • The existing ISIN (INE531F01015) will not be valid for exchange transactions on or after December 26, 2025
  • Members should update their systems to reflect the new share denomination and ISIN

Important Dates

  • Notice Date: December 10, 2025
  • Record Date: December 26, 2025
  • Effective Date for Sub-Division: December 26, 2025
  • ISIN Validity: Existing ISIN invalid from December 26, 2025

Impact Assessment

Market Impact: The stock split increases the number of outstanding shares by a factor of 5, making the shares more affordable for retail investors. This typically increases liquidity and trading volumes. The total market capitalization remains unchanged as the reduction in face value is proportional to the increase in share count.

Investor Impact: Existing shareholders will receive 5 shares for every 1 share held as of the record date. The proportionate ownership and total investment value remain the same, but the per-share price will adjust to approximately one-fifth of the pre-split price.

Operational Impact: Brokers and depositories need to update their systems to reflect the new ISIN and face value. Investors should verify their holdings post-split to ensure correct credit of subdivided shares.

Impact Justification

Standard corporate action affecting shareholding structure. Investors need to be aware of the 1:5 stock split and ISIN change, but this is a procedural change that doesn't alter fundamental value.