Description

BSE announces new ISIN number INE237A01036 for Kotak Mahindra Bank following sub-division of equity shares from Rs.5/- to Re.1/-, effective from ex-date January 14, 2026.

Summary

BSE has issued a continuation notice regarding the new ISIN number for Kotak Mahindra Bank Ltd (Scrip Code: 500247) following the sub-division of equity shares. The new ISIN number INE237A01036 will replace the old ISIN for shares with face value Re.1/- each (sub-divided from Rs.5/-) and will be effective for trades executed on and from the ex-date of January 14, 2026.

Key Points

  • New ISIN Number: INE237A01036
  • Company: KOTAK MAHINDRA BANK LTD (Scrip Code: 500247)
  • Corporate Action: Sub-division of equity shares from Rs.5/- to Re.1/-
  • Effective Date: January 14, 2026 (Ex-Date)
  • Reference: DR-798/2025-2026
  • Prior Notice: Exchange Notice No. 20251230-58 dated December 30, 2025

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for ISIN change following share sub-division.

Compliance Requirements

  • Trading members must update their systems with the new ISIN number INE237A01036
  • The new ISIN must be used for all trades executed on or after January 14, 2026
  • Members should ensure proper mapping of the old and new ISIN in their trading and settlement systems
  • Investors holding shares in demat form will see automatic updates reflected in their holdings

Important Dates

  • Notice Date: January 8, 2026
  • Ex-Date: January 14, 2026 (trades on and from this date will use new ISIN)
  • Reference to Prior Notice: December 30, 2025 (Exchange Notice No. 20251230-58)

Impact Assessment

Market Impact: Low to Medium. Share sub-divisions are routine corporate actions that increase liquidity by reducing the per-share price, making shares more accessible to retail investors. The fundamental value of holdings remains unchanged.

Operational Impact: Medium. Trading members and brokers must ensure their systems are updated with the new ISIN before the ex-date to avoid trade execution or settlement issues. Investors need not take any action as demat accounts will be automatically updated.

Trading Impact: The sub-division from Rs.5/- to Re.1/- (5:1 split) will result in shareholders receiving 5 shares for every 1 share held, with the market price adjusting proportionately on the ex-date.

Impact Justification

Share subdivision is a routine corporate action affecting share denomination but not fundamental value. Trading members need to update systems with new ISIN by ex-date.