Description

BSE notifies trading members of Varvee Global Ltd's stock split, subdividing existing equity shares from Rs.10/- each into two shares of Rs.5/- each, effective 02/03/2026.

Summary

BSE has notified trading members that Varvee Global Ltd (Scrip Code: 514274) has fixed 02/03/2026 as the Record Date for a sub-division of its equity shares. Each existing equity share of Rs.10/- face value will be split into two equity shares of Rs.5/- each, effective the same date.

Key Points

  • Company: Varvee Global Ltd (BSE Scrip Code: 514274)
  • Record Date: 02 March 2026
  • Sub-division ratio: 1 share of Rs.10/- → 2 shares of Rs.5/- each
  • New sub-divided paid-up value: Rs.5/- per share, effective 02/03/2026
  • Existing ISIN INE273D01019 (Rs.10/- paid-up) will be invalid for exchange transactions on or after 02/03/2026
  • New ISIN for Rs.5/- paid-up shares will be communicated via a separate notice
  • Reference: DR-831/2025-2026, Notice No. 20260223-20

Regulatory Changes

The sub-division falls under BSE’s corporate actions framework for dematerialised securities in the Rolling Settlement segment. The existing ISIN INE273D01019 is being retired and a new ISIN will be issued to reflect the revised face value of Rs.5/-.

Compliance Requirements

  • Trading members must cease using ISIN INE273D01019 for exchange transactions on or after 02/03/2026.
  • Members should await the separate BSE notice announcing the new ISIN for Rs.5/- paid-up shares and update their systems accordingly.
  • Depository participants and back-office systems must be updated to reflect the new face value and ISIN prior to the record date.

Important Dates

  • 23 February 2026: BSE circular issued (Notice No. 20260223-20)
  • 02 March 2026: Record Date for sub-division; effective date for new Rs.5/- paid-up value
  • 02 March 2026 onwards: Old ISIN INE273D01019 invalid for exchange transactions
  • New ISIN announcement: To be communicated by BSE via a separate notice

Impact Assessment

This is a routine corporate action affecting shareholders and trading members dealing in Varvee Global Ltd (Scrip Code: 514274). The stock split doubles the number of shares outstanding while halving the face value, which may improve liquidity for the scrip. The critical operational impact is the mandatory transition to a new ISIN; any trades using the old ISIN after 02/03/2026 will be invalid. Trading members and depositories must complete system updates before the record date to avoid settlement disruptions.

Impact Justification

Stock split affects all holders of Varvee Global Ltd shares and invalidates existing ISIN INE273D01019 post-record date; trading members must update systems for new ISIN and adjusted share denomination.