Description
TANFAC Industries Ltd has fixed March 9, 2026 as the record date for sub-division of equity shares from one share of Rs.10/- each into two shares of Rs.5/- each. The existing ISIN INE639B01015 will be invalid for exchange transactions from March 4, 2026.
Summary
BSE has notified trading members that TANFAC Industries Ltd (Scrip Code: 506854) has fixed March 9, 2026 as the record date for sub-division of its equity shares. Each existing equity share of Rs.10/- paid-up will be split into two equity shares of Rs.5/- paid-up each. The existing ISIN (INE639B01015) becomes invalid for exchange transactions on or after March 4, 2026, and a new ISIN for Rs.5/- paid-up shares will be issued separately.
Key Points
- TANFAC Industries Ltd (BSE Scrip Code: 506854) is undertaking a 1:2 stock split
- Record date for the sub-division is March 9, 2026
- Existing shares of Rs.10/- face value will be converted to shares of Rs.5/- face value
- Split ratio: 1 equity share of Rs.10/- → 2 equity shares of Rs.5/- each
- Existing ISIN INE639B01015 (Rs.10/- paid-up) is invalid for exchange transactions from March 4, 2026
- New ISIN for Rs.5/- paid-up shares will be communicated via a separate notice
- Notice reference: DR-835/2025-2026
Regulatory Changes
No new regulatory framework is introduced. This is a corporate action under existing BSE listing and dematerialisation regulations for rolling settlement equity segments. The sub-divided paid-up value of Rs.5/- per share becomes effective on the record date, March 9, 2026.
Compliance Requirements
- Trading members must cease using ISIN INE639B01015 for any exchange transactions on or after March 4, 2026
- Members should await the BSE notice announcing the new ISIN for Rs.5/- paid-up shares before executing post-record-date trades
- Back-office and settlement systems must be updated to reflect the new face value and forthcoming ISIN
- Members holding client positions in TANFAC Industries should communicate the split details and ISIN change to their clients
Important Dates
| Event | Date |
|---|---|
| Notice Date | March 4, 2026 |
| Old ISIN (INE639B01015) invalid for exchange transactions | March 4, 2026 (on or after) |
| Record Date for Sub-Division | March 9, 2026 |
| New sub-divided paid-up value effective | March 9, 2026 |
Impact Assessment
Market Impact (High): A 1:2 stock split doubles the number of shares outstanding while halving the face value and theoretically the share price, improving liquidity and accessibility for retail investors. Trading in the old ISIN is halted immediately (from March 4, 2026), creating a gap period until the new ISIN is issued.
Operational Impact (High): Trading members, depositories, and back-office systems must urgently update records to invalidate the old ISIN and incorporate the new ISIN once announced. Failure to do so could result in settlement failures or incorrect client reporting.
Investor Impact (Medium): Existing shareholders will see their share count double and face value halve on the record date. No economic value change occurs, but the lower per-share price post-split may attract increased retail participation.
Impact Justification
Stock split effective immediately with ISIN invalidation from March 4, 2026 — requires immediate action by trading members to avoid settlement failures.