Description
TANFAC Industries Ltd has fixed March 9, 2026 as the record date for sub-division of equity shares from 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) for Rs.10/- paid-up shares becomes invalid for exchange transactions on or after March 4, 2026, and a new ISIN for Rs.5/- paid-up shares will be communicated separately.
Key Points
- TANFAC Industries Ltd (BSE: 506854) is executing a 1:2 stock split
- Each equity share of Rs.10/- face value will be subdivided into two shares of Rs.5/- face value
- Record date fixed as March 9, 2026
- Sub-divided paid-up value of Rs.5/- is effective from March 9, 2026
- Existing ISIN INE639B01015 (Rs.10/- paid-up) is invalid for exchange transactions on or after March 4, 2026
- New ISIN for Rs.5/- paid-up shares will be announced via a separate notice
- Reference: DR-835/2025-2026
Regulatory Changes
The sub-division is a corporate action under BSE’s Dematerialised Securities – Rolling Settlement segment. The change in face value necessitates a new ISIN assignment, and trading in the old ISIN is prohibited from March 4, 2026 onwards.
Compliance Requirements
- Trading members must cease all exchange transactions using ISIN INE639B01015 on or after March 4, 2026
- Members and investors should update their systems to reflect the new face value of Rs.5/- per share post-record date
- Members must await and act on the separate notice providing the new ISIN for the Rs.5/- paid-up shares
- Depository participants should ensure dematerialised holdings are updated upon the new ISIN being issued
Important Dates
| Event | Date |
|---|---|
| Circular Date | March 4, 2026 |
| Old ISIN (INE639B01015) invalid for transactions | On or after March 4, 2026 |
| Record Date for Sub-Division | March 9, 2026 |
| New sub-divided shares effective (Rs.5/- paid-up) | March 9, 2026 |
Impact Assessment
For Investors: Shareholders holding TANFAC Industries Ltd shares will see their share count double while the face value halves from Rs.10/- to Rs.5/-. The market price per share will adjust proportionally. No action is required by investors beyond ensuring their demat accounts are updated with the new ISIN.
For Trading Members: Immediate attention is required to stop using the existing ISIN INE639B01015 for any exchange transactions from March 4, 2026. Failure to comply could result in settlement issues. Members must monitor BSE communications for the new ISIN.
Market Impact: Stock splits generally improve liquidity by lowering the per-share price, making shares more accessible to retail investors. The split ratio of 1:2 is a standard corporate action with no fundamental change to company value.
Impact Justification
Stock split with immediate ISIN invalidation affects all trading members and investors holding TANFAC shares; requires prompt action to avoid settlement failures.