Description

BSE assigns new ISIN INE958L01034 to STRING METAVERSE LTD following sub-division of equity shares from Rs.10/- to Re.1/-, effective from ex-date April 24, 2026.

Summary

BSE has issued a notice informing trading members of the new ISIN number assigned to STRING METAVERSE LTD (Scrip Code: 534535) following the sub-division of its equity shares from a face value of Rs.10/- to Re.1/-. This is a continuation of Exchange Notice No. 20260407-9 dated April 07, 2026.

Key Points

  • Company: STRING METAVERSE LTD (Scrip Code: 534535)
  • New ISIN: INE958L01034
  • Sub-division ratio: Equity shares from Rs.10/- face value to Re.1/- face value
  • The new ISIN is effective for trades done on and from the ex-date
  • This notice continues from Exchange Notice No. 20260407-9 dated April 07, 2026

Regulatory Changes

A new ISIN (INE958L01034) has been allotted to STRING METAVERSE LTD to reflect the sub-division of equity shares. The old ISIN associated with Rs.10/- face value shares will be replaced by this new ISIN for Re.1/- face value shares.

Compliance Requirements

  • Trading members must update their systems to use the new ISIN INE958L01034 for STRING METAVERSE LTD from the ex-date onwards.
  • All trades on and after April 24, 2026 must reference the new ISIN.

Important Dates

  • Notice Date: April 20, 2026
  • Ex-Date (effective date for new ISIN): April 24, 2026
  • DR Reference: DR-617/2026-2027
  • Prior related notice: Exchange Notice No. 20260407-9 dated April 07, 2026

Impact Assessment

This is a standard corporate action affecting STRING METAVERSE LTD shareholders and trading members. The share sub-division increases the number of shares outstanding while proportionally reducing the face value, making shares more accessible at lower price points. Trading members and depositories must update their records to reflect the new ISIN from April 24, 2026. Existing shareholders will see their holdings restated under the new ISIN automatically through the depository system.

Impact Justification

Routine corporate action circular notifying a new ISIN following a share sub-division; directly affects trading members and shareholders of STRING METAVERSE LTD but has limited broader market impact.