Description

BSE announces new ISIN INE531F01023 for Nuvama Wealth Management following equity share sub-division from Rs.10/- to Rs.2/-, effective December 26, 2025.

Summary

BSE has issued a new ISIN number INE531F01023 for Nuvama Wealth Management Ltd (Scrip Code: 543988) following the sub-division of equity shares from face value of Rs.10/- to Rs.2/-. This change is in continuation of Exchange Notice No. 20251210-12 dated December 10, 2025, and will be effective for trades executed on and from the ex-date of December 26, 2025.

Key Points

  • New ISIN number: INE531F01023
  • Company: NUVAMA WEALTH MANAGEMENT LTD
  • Scrip Code: 543988
  • Corporate action: Sub-division of equity shares from Rs.10/- to Rs.2/- (1:5 split)
  • New face value: Rs.2/- per equity share
  • Effective for trades from ex-date: December 26, 2025
  • Debit reference: DR-785/2025-2026

Regulatory Changes

No regulatory framework changes. This is a corporate action implementation notice updating the ISIN identification code for the subdivided shares.

Compliance Requirements

  • Trading members must update their systems to recognize the new ISIN INE531F01023 for trades executed on and after December 26, 2025
  • All market participants should ensure proper mapping of the new ISIN in their trading and settlement systems
  • Existing shareholders will receive subdivided shares in 1:5 ratio (each Rs.10/- share converted to 5 shares of Rs.2/- each)

Important Dates

  • Notice Date: December 17, 2025
  • Ex-Date: December 26, 2025 (new ISIN becomes effective)
  • Prior Notice Reference: Exchange Notice No. 20251210-12 dated December 10, 2025

Impact Assessment

Market Impact: Medium - The stock split increases share liquidity and makes shares more affordable for retail investors. The change in ISIN requires system updates across all market participants.

Operational Impact: Trading and settlement systems must be updated to handle the new ISIN from the ex-date. Investors holding shares will see their holdings automatically adjusted to reflect the 1:5 subdivision ratio, with total investment value remaining unchanged.

Investor Impact: Existing shareholders will receive 5 shares of Rs.2/- face value for every 1 share of Rs.10/- face value held. This improves liquidity and reduces the per-share price, potentially making the stock more accessible to smaller investors.

Impact Justification

Material corporate action affecting ISIN identification for trading and settlement. Impacts all existing shareholders and trading systems but is administrative in nature.