Description

Kotak Mahindra Bank receives new ISIN INE237A01036 effective January 14, 2026 for equity shares sub-divided from Rs.5/- to Re.1/-

Summary

BSE has assigned a new ISIN number INE237A01036 to Kotak Mahindra Bank Ltd (Scrip Code: 500247) following the sub-division of equity shares from face value of Rs.5/- to Re.1/-. The new ISIN will be effective for trades executed on and from the ex-date of January 14, 2026. This notice continues from Exchange Notice No. 20251230-58 dated December 30, 2025.

Key Points

  • Company: Kotak Mahindra Bank Ltd
  • Scrip Code: 500247
  • New ISIN: INE237A01036
  • Corporate Action: Sub-division of equity shares
  • Old Face Value: Rs.5/- per share
  • New Face Value: Re.1/- per share
  • Reference: DR-798/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action involving ISIN reassignment following share sub-division.

Compliance Requirements

  • Trading members must update their systems to recognize the new ISIN INE237A01036 for trades from January 14, 2026
  • All trading and settlement systems must be configured to handle the new ISIN for Re.1/- face value shares
  • Demat accounts will reflect the adjusted number of shares with reduced face value

Important Dates

  • Notice Date: January 8, 2026
  • Ex-Date: January 14, 2026 (new ISIN effective from this date)
  • Previous Notice: December 30, 2025 (Notice No. 20251230-58)

Impact Assessment

Market Impact: Medium - The sub-division increases share liquidity by reducing per-share price, making the stock more accessible to retail investors. The 5:1 split ratio means shareholders will receive 5 shares of Re.1/- for every share of Rs.5/-.

Operational Impact: Trading members and clearing systems must update ISIN mappings before the ex-date to ensure smooth trading and settlement. Historical data and reporting systems need to account for the ISIN change.

Investor Impact: Existing shareholders will see their holdings multiplied by 5 with proportionally reduced face value, maintaining the same total investment value. No action required from investors as the change is automatic in demat accounts.

Impact Justification

ISIN change due to stock split affects trading and settlement systems but is procedural in nature with clear effective date