Sub-Division of Equity Shares of String Metaverse Ltd (Scrip Code: 534535)

Description

BSE notifies trading members that String Metaverse Ltd has fixed April 24, 2026 as the record date for sub-division of equity shares from Rs.10/- each into ten equity shares of Re.1/- each.

Summary

BSE has notified trading members that String Metaverse Ltd (Scrip Code: 534535) has fixed April 24, 2026 as the record date for sub-division of its equity shares. The existing equity shares of Rs.10/- each will be sub-divided into ten equity shares of Re.1/- each. The sub-divided paid-up value will also be effective from April 24, 2026 (Reference: DR-617/2026-2027).

Key Points

• String Metaverse Ltd (Scrip Code: 534535) is undertaking a 10:1 stock split
• Record date fixed: April 24, 2026
• Existing share face value: Rs.10/- per share
• New share face value: Re.1/- per share (10 shares issued for every 1 existing share)
• Existing ISIN INE958L01026 (Rs.10/- paid up) will become invalid for exchange transactions on or after April 24, 2026
• A new ISIN for Re.1/- paid-up shares will be communicated via a separate notice
• Applicable segment: Dematerialised Securities – Rolling Settlement Segment

Regulatory Changes

No new regulatory framework introduced. This is a corporate action under existing BSE listing and settlement regulations. The change in ISIN is a procedural requirement following the sub-division.

Compliance Requirements

• Trading members must note the record date and ensure transactions from April 24, 2026 onwards use the new ISIN (to be announced separately)
• Depositories and participants must update ISIN mapping once the new ISIN is notified
• Shareholders holding in demat form will automatically receive sub-divided shares; no action required from them prior to the record date

Important Dates

Impact Assessment

• Market Liquidity: A 10:1 split typically improves share liquidity by reducing the per-share price, making it more accessible to retail investors.
• Price Adjustment: The share price will be adjusted proportionally on the ex-date; traders should update price targets and stop-loss levels accordingly.
• ISIN Transition: There is an operational risk during the ISIN transition period. Trading members must await the new ISIN notice before executing post-record-date trades.
• Index/Portfolio Impact: Portfolios and systems referencing the old ISIN (INE958L01026) must be updated to the new ISIN once announced to avoid settlement failures.

Impact Justification

Corporate action (stock split) affecting existing shareholders and traders of String Metaverse Ltd; requires ISIN update and affects settlement from the record date onwards.