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.

Summary

BSE has notified trading members that TANFAC Industries Ltd (Scrip Code: 506854) has fixed a record date of March 9, 2026 for the 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.

Key Points

  • Record date for the sub-division is March 9, 2026
  • Sub-division ratio: 1 share of Rs.10/- → 2 shares of Rs.5/-
  • 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 communicated via a separate notice
  • Reference: DR-835/2025-2026

Regulatory Changes

The sub-division results in a change of face value from Rs.10/- per share to Rs.5/- per share. The existing ISIN INE639B01015 is deactivated for exchange transactions effective March 4, 2026. A new ISIN will be assigned for the post-split shares.

Compliance Requirements

  • Trading members must cease using ISIN INE639B01015 for exchange transactions from March 4, 2026 onwards
  • Members should await the separate notice announcing the new ISIN for Rs.5/- paid-up shares before executing post-split transactions
  • Depository participants and clearing members should update their systems to reflect the new ISIN once announced

Important Dates

  • March 4, 2026: Existing ISIN INE639B01015 invalidated for exchange transactions
  • March 9, 2026: Record date for sub-division of equity shares
  • March 9, 2026: New sub-divided paid-up value of Rs.5/- effective

Impact Assessment

Shareholders holding TANFAC Industries Ltd shares will see their share count double while the face value halves, keeping the overall value neutral. Trading members must ensure they do not use the old ISIN post March 4, 2026. The new ISIN required for post-record-date trading will be communicated separately, and members should monitor for that notice to avoid settlement disruptions.

Impact Justification

Stock split affects existing shareholders and trading members; ISIN invalidation from March 4 requires immediate action, but impact is limited to one company.