Sub-Division of Equity Shares of Pashupati Cotspin Ltd (Scrip Code: 544448)

Description

Pashupati Cotspin Ltd has fixed 17 April 2026 as the record date for subdivision of existing equity shares from Rs.10/- each into ten equity shares of Re.1/- each. The existing ISIN INE124Y01010 will be invalid for exchange transactions on or after 17 April 2026.

Summary

BSE has notified trading members that Pashupati Cotspin Ltd (Scrip Code: 544448) has fixed 17 April 2026 as the record date for sub-division of its equity shares. Each existing equity share of Rs.10/- face value will be subdivided into ten equity shares of Re.1/- each. The existing ISIN (INE124Y01010) will cease to be valid for exchange transactions on or after the record date, and a new ISIN will be assigned.

Key Points

• Record date for sub-division: 17 April 2026
• Subdivision ratio: 1 equity share of Rs.10/- → 10 equity shares of Re.1/- each
• Effective date of subdivision: 17 April 2026
• Existing ISIN INE124Y01010 (Rs.10/- paid up) will be invalid for transactions on or after 17 April 2026
• New ISIN for Re.1/- paid up shares will be communicated via a separate notice
• Notice reference: DR-612/2026-2027
• Segment: Dematerialised Securities – Rolling Settlement Segment

Regulatory Changes

No new regulatory framework changes. This is a standard corporate action (stock split) executed under existing BSE listing and operations guidelines. The face value of shares will change from Rs.10/- to Re.1/- per share.

Compliance Requirements

• Trading members must note the invalid ISIN (INE124Y01010) effective 17 April 2026 and cease using it for transactions on the exchange
• Members should await the BSE notice announcing the new ISIN for Re.1/- paid-up shares before processing post-record-date transactions
• Back-office systems should be updated to reflect the new face value and ISIN once announced

Important Dates

Impact Assessment

This is a routine stock split with medium operational impact. Existing shareholders will receive ten shares of Re.1/- for every one share of Rs.10/- held, keeping their proportional ownership unchanged. The share price will theoretically adjust proportionately. Trading members and custodians must update their systems with the new ISIN once announced. Retail investors may see improved liquidity post-split due to the lower nominal price per share. The change is confined to Pashupati Cotspin Ltd and does not affect broader market operations.

Impact Justification

Stock split affects existing shareholders and trading members; ISIN change requires operational updates but is a routine corporate action.