Description

BSE announces share consolidation for Caspian Corporate Services Ltd, consolidating ten equity shares of Re.1/- each into one equity share of Rs.10/- each, with record date of December 29, 2025.

Summary

BSE has announced that Caspian Corporate Services Ltd (Scrip Code 534732) will consolidate its equity shares on December 29, 2025. The consolidation involves converting ten existing equity shares of Re.1/- each into one equity share of Rs.10/- each. Trading members are strictly advised not to deal in the company’s equity shares from the record date.

Key Points

  • Share consolidation ratio: 10 shares of Re.1/- consolidated into 1 share of Rs.10/-
  • Record date: December 29, 2025
  • No dealings permitted from December 29, 2025
  • Notice reference: DR-786/2025-2026
  • Issued by: Marian Dsouza, Assistant Vice President – Listing Compliance & Operations

Regulatory Changes

No regulatory framework changes. This is a company-specific corporate action involving share consolidation under existing BSE regulations for corporate actions.

Compliance Requirements

  • Trading members must not execute any trades in Caspian Corporate Services Ltd equity shares from December 29, 2025
  • All trading members must take note of the consolidation and adjust their systems accordingly
  • Members must ensure clients are informed about the share consolidation and trading suspension

Important Dates

  • Notice Date: December 23, 2025
  • Record Date: December 29, 2025
  • No Dealings From: December 29, 2025

Impact Assessment

Market Impact: High - Trading will be suspended for this scrip from the record date, affecting all existing positions and preventing new transactions.

Shareholder Impact: High - Existing shareholders will see their shareholding quantity reduced by 90% (10:1 consolidation), though the total value remains unchanged as the face value increases proportionately from Re.1/- to Rs.10/-.

Operational Impact: Trading members must update their systems to reflect the new share structure post-consolidation and ensure no inadvertent trades occur during the no-dealings period.

Impact Justification

Share consolidation with trading suspension affects all shareholders and trading members; mandatory compliance required with specific no-dealings period starting December 29, 2025