Description

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

Summary

BSE has announced that Multi Commodity Exchange of India Ltd (Scrip Code: 534091) will undergo a sub-division of equity shares. 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 record date for this corporate action is January 2, 2026.

Key Points

  • Company: Multi Commodity Exchange of India Ltd (MCX)
  • Scrip Code: 534091
  • Action: Sub-division of equity shares
  • Ratio: 1 share of Rs.10/- split into 5 shares of Rs.2/- each
  • Record Date: January 2, 2026
  • Effective Date: January 2, 2026
  • Current ISIN (INE745G01035) for Rs.10/- shares will become invalid for transactions from January 2, 2026
  • New ISIN for Rs.2/- shares to be communicated separately

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving share capital restructuring through sub-division.

Compliance Requirements

  • Trading members must note that the existing ISIN No. INE745G01035 (Rs.10/- paid up) will not be valid for exchange transactions on or after January 2, 2026
  • Trading members must await separate notice for the new ISIN number for Rs.2/- paid up shares
  • All trading and settlement systems must be updated to reflect the new share structure and ISIN from the effective date

Important Dates

  • Notice Date: December 22, 2025
  • Record Date: January 2, 2026
  • Effective Date for Sub-Division: January 2, 2026
  • Old ISIN Invalid From: January 2, 2026

Impact Assessment

Market Impact: The sub-division will increase the number of outstanding shares by 5x while reducing the per-share price proportionally. This typically improves liquidity and makes shares more affordable for retail investors. The market capitalization remains unchanged.

Operational Impact: Trading members and market participants must update their systems to handle the new ISIN and adjusted share structure. Shareholders will see their holdings multiplied by 5 with proportionally reduced face value per share.

Investor Impact: Existing shareholders will receive 5 shares for every 1 share held as of the record date. The total value of their investment remains the same, but improved liquidity may benefit trading activity.

Impact Justification

Stock sub-division affects share price and liquidity but is routine corporate action with no fundamental business impact