Description

BSE announces new ISIN number INE237A01036 for Kotak Mahindra Bank's sub-divided equity shares, effective from ex-date January 14, 2026.

Summary

BSE has issued a new ISIN number (INE237A01036) for Kotak Mahindra Bank Ltd following the sub-division of its equity shares from 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 is a continuation of Exchange Notice No. 20251230-58 dated December 30, 2025.

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/-
  • New face value: Re. 1/- per equity share
  • Ex-date for new ISIN: January 14, 2026
  • DR Reference: 798/2025-2026

Regulatory Changes

No new regulatory changes. This is an administrative update following a corporate action (share sub-division) previously announced.

Compliance Requirements

  • Trading members must update their systems with the new ISIN number INE237A01036 for Kotak Mahindra Bank equity shares
  • All trades executed on or after January 14, 2026 must use the new ISIN
  • Depository participants and custodians should ensure client accounts reflect the new ISIN post ex-date

Important Dates

  • January 8, 2026: Circular issue date
  • January 14, 2026: Ex-date - New ISIN becomes effective for trading

Impact Assessment

Market Impact: Medium. The ISIN change is technical and follows a share sub-division that increases share affordability. Trading systems, portfolio management systems, and settlement processes must be updated.

Investor Impact: Shareholders will see their holdings reflected with the new ISIN post ex-date, with share quantity multiplied by 5 (due to 5:1 sub-division) and proportionate price adjustment.

Operational Impact: Brokers, exchanges, depositories, and custodians need to ensure seamless transition to the new ISIN to avoid settlement issues.

Impact Justification

ISIN change due to share sub-division affects trading and settlement systems but is administrative in nature. Medium impact for shareholders and market participants.