Description

Avro India Ltd has fixed May 5, 2026 as the record date for subdivision of equity shares from Rs. 10/- each into ten equity shares of Rs. 1/- each.

Summary

Avro India Ltd (Scrip Code: 543512) has announced a stock subdivision, fixing May 5, 2026 as the record date. Each existing equity share of Rs. 10/- face value will be split into ten equity shares of Rs. 1/- face value each.

Key Points

  • Record date for the subdivision is May 5, 2026
  • Subdivision ratio: 1 equity share of Rs. 10/- → 10 equity shares of Rs. 1/- each
  • Applicable to the Dematerialised Securities – Rolling Settlement Segment
  • Reference code: DR-623/2026-2027
  • Existing ISIN INE652Z01017 (Rs. 10/- paid up) will be invalid for exchange transactions on or after May 5, 2026
  • A new ISIN for Rs. 1/- paid up shares will be communicated via a separate notice

Regulatory Changes

The paid-up value per share changes from Rs. 10/- to Rs. 1/- effective May 5, 2026. The existing ISIN (INE652Z01017) will cease to be valid for exchange transactions from that date.

Compliance Requirements

  • Trading members must note that the existing ISIN INE652Z01017 will not be valid for transactions on or after May 5, 2026
  • Members should await the separate notice announcing the new ISIN for the Rs. 1/- paid-up shares before processing post-record-date transactions
  • Members should update their systems to reflect the new share structure effective the record date

Important Dates

  • April 24, 2026: Notice issued by BSE
  • May 5, 2026: Record date for subdivision; new sub-divided paid-up value effective; existing ISIN invalid for exchange transactions from this date

Impact Assessment

This is a standard stock split (10-for-1) corporate action. Existing shareholders will receive ten shares of Rs. 1/- for every one share of Rs. 10/- held, leaving the total investment value unchanged. The lower face value per share may improve liquidity and retail accessibility of the stock. Trading members must transition to the new ISIN from May 5, 2026 onwards and should monitor the follow-up BSE notice for the new ISIN number.

Impact Justification

Stock subdivision affects existing shareholders and trading members through ISIN change and share structure modification, but is a routine corporate action with clear implementation timeline.