Description

MCX equity shares will be subdivided from one share of Rs.10/- to five shares of Rs.2/- each, effective January 2, 2026.

Summary

Multi Commodity Exchange of India Ltd (MCX) has announced a sub-division of its equity shares. Existing equity shares with face value of Rs.10/- each will be subdivided into five equity shares of Rs.2/- each. The record date for this sub-division has been set as January 2, 2026.

Key Points

  • Company: Multi Commodity Exchange of India Ltd (Scrip Code: 534091)
  • Record Date: January 2, 2026
  • Sub-division ratio: 1 share of Rs.10/- into 5 shares of Rs.2/- each
  • New face value: Rs.2/- per share (reduced from Rs.10/-)
  • Effective date: January 2, 2026
  • Current ISIN (INE745G01035) for Rs.10/- paid-up shares will become invalid for exchange transactions from January 2, 2026
  • New ISIN for Rs.2/- paid-up shares will be communicated separately

Regulatory Changes

No regulatory framework changes. This is a standard corporate action (stock split) permitted under existing regulations.

Compliance Requirements

  • Trading members must note that the existing ISIN No. INE745G01035 (Rs.10/- paid up) will not be valid for transactions on the exchange on or after January 2, 2026
  • All market participants must update their systems to reflect the new share structure and ISIN once communicated
  • Demat accounts will be automatically credited with the subdivided shares in the ratio of 1:5

Important Dates

  • December 22, 2025: Notice issued
  • January 2, 2026: Record date for sub-division
  • January 2, 2026: Effective date - old ISIN becomes invalid, new paid-up value of Rs.2/- takes effect

Impact Assessment

Market Impact: The sub-division will make MCX shares more affordable for retail investors by reducing the trading lot size and share price proportionally. This typically enhances liquidity and trading activity.

Shareholder Impact: Existing shareholders will receive 5 shares for every 1 share held as of the record date. The total value of their holdings remains unchanged, but the number of shares increases five-fold.

Operational Impact: Market participants and depositories need to update systems with the new ISIN and face value. Trading operations will transition to the new share structure from January 2, 2026.

Impact Justification

Stock subdivision affects all MCX shareholders by increasing share count proportionally, with new ISIN to be issued. Important for trading and demat account holders.