Description

BSE announces new ISIN number INE237A01036 for Kotak Mahindra Bank's sub-divided equity shares (Rs. 5/- to Re. 1/-), effective from ex-date January 14, 2026.

Summary

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

Key Points

  • Company: Kotak Mahindra Bank Ltd (Scrip Code: 500247)
  • New ISIN Number: INE237A01036
  • Corporate Action: Sub-division of equity shares from Rs. 5/- per share to Re. 1/- per share
  • Ex-Date: January 14, 2026
  • Debenture Record (DR) Number: 798/2025-2026
  • Previous notice reference: Exchange Notice No. 20251230-58 dated December 30, 2025

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notice informing trading members about the new ISIN allocation following share sub-division approved by the company.

Compliance Requirements

  • Trading members must update their systems with the new ISIN number (INE237A01036) before the ex-date
  • All trades executed on or after January 14, 2026 must use the new ISIN
  • Settlement and demat systems must be configured to recognize the new ISIN for Re. 1/- face value shares
  • Broker-dealer platforms and trading terminals must reflect the updated ISIN information

Important Dates

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

Impact Assessment

Market Impact: High - affects one of India’s leading private sector banks with significant trading volumes. All market participants holding or trading Kotak Mahindra Bank shares must update their systems.

Operational Impact: Trading members, custodians, and depository participants must ensure their systems are updated before January 14, 2026 to avoid settlement failures or trade rejections.

Investor Impact: Existing shareholders will see their holdings automatically adjusted in the 5:1 ratio (five shares of Re. 1/- for each share of Rs. 5/-) with the new ISIN in their demat accounts.

Impact Justification

Critical ISIN change for a major banking stock affects all trading members, settlement systems, and investor records. Mandatory system updates required before ex-date.