Description

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

Summary

Multi Commodity Exchange of India Ltd (MCX, Scrip Code: 534091) has announced a sub-division of its 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 sub-division is January 2, 2026.

Key Points

  • Stock sub-division ratio: 1:5 (one share of Rs.10/- becomes five shares of Rs.2/-)
  • Record date: January 2, 2026
  • Effective date for trading at new face value: January 2, 2026
  • Old ISIN (INE745G01035) for Rs.10/- paid up shares will be invalid for transactions from January 2, 2026
  • New ISIN for Rs.2/- paid up shares to be announced separately
  • Applies to dematerialized securities in rolling settlement segment

Regulatory Changes

No regulatory changes. This is a corporate action initiated by MCX.

Compliance Requirements

  • Trading members must note that ISIN No. INE745G01035 (Rs.10/- face value) will not be valid for exchange transactions on or after January 2, 2026
  • Trading members should await separate notice for the new ISIN number for Rs.2/- paid up shares
  • All transactions from January 2, 2026 onwards must use the new ISIN and reflect the sub-divided share structure

Important Dates

  • December 22, 2025: Circular issued
  • January 2, 2026: Record date for sub-division
  • January 2, 2026: Effective date for trading at new Rs.2/- face value
  • January 2, 2026: Old ISIN becomes invalid for transactions

Impact Assessment

Market Impact: The stock sub-division will increase the number of outstanding shares by 5x while reducing the face value proportionately. This typically improves liquidity and makes shares more accessible to retail investors. The market capitalization and shareholder value remain unchanged.

Operational Impact: Trading members need to update their systems to reflect the new ISIN and face value from January 2, 2026. Shareholders will see their holdings increase 5x in quantity while the value per share decreases proportionately. Demat accounts will be automatically credited with the additional shares based on the record date holdings.

Impact Justification

Stock sub-division affects share trading and ISIN numbers but is a routine corporate action for shareholders of MCX