Description
BSE notifies change in name of Synthiko Foils Ltd. Trading members and market participants are informed of the updated company name effective from the notified date.
Summary
BSE has issued a circular informing trading members and market participants about the change in name of Synthiko Foils Ltd. The company’s name has been officially changed and the exchange has updated its records accordingly.
Key Points
- Synthiko Foils Ltd has changed its registered name as per regulatory approvals.
- BSE has updated the company name in its trading and listing systems.
- The scrip code and ISIN remain unchanged; only the company name is updated.
- Trading members are advised to note the new name for all future references and documentation.
Regulatory Changes
The name change has been effected pursuant to the company’s compliance with applicable provisions of the Companies Act and receipt of necessary approvals from the Registrar of Companies (RoC). BSE updates its records in accordance with SEBI listing obligations.
Compliance Requirements
- Trading members should update their records and back-office systems to reflect the new company name.
- All future contract notes, statements, and communications should reference the updated name.
- No additional compliance action is required from investors; existing holdings remain unaffected.
Important Dates
- Circular Date: March 13, 2026
- Effective Date: As notified in the circular (refer to the attached PDF for the specific effective date).
Impact Assessment
The name change is a routine administrative event with minimal market impact. Existing shareholders’ holdings, the scrip code, and ISIN are unaffected. Traders and investors should update reference data in their systems to avoid confusion in order placement and reporting.
Impact Justification
Routine administrative name-change notification affecting only the scrip identifier; no trading, compliance, or financial impact beyond updated nomenclature.