Description

BSE notifies record date of 26 May 2026 for F MEC International Financial Services Ltd's stock split from Rs.10/- to Rs.2/- per share and a 1:10 bonus issue of Rs.2/- equity shares.

Summary

BSE has notified trading members that F MEC International Financial Services Ltd (Scrip Code: 539552) has fixed 26 May 2026 as the record date for two simultaneous corporate actions: a sub-division of equity shares from Rs.10/- to Rs.2/- face value (1:5 split), and a bonus issue of 1 equity share of Rs.2/- for every 10 equity shares of Rs.2/- held post-split.

Key Points

  • Record date and Ex-date: 26 May 2026
  • Sub-division: Each equity share of Rs.10/- face value subdivided into 5 equity shares of Rs.2/- face value
  • Bonus issue: 1 bonus share (Rs.2/-) for every 10 shares (Rs.2/-) held after sub-division
  • Total bonus shares to be allotted: 44,45,884 equity shares on 27 May 2026
  • Existing ISIN INE108T01013 (Rs.10/- paid-up) will be invalid for exchange transactions on or after 26 May 2026
  • New ISIN for Rs.2/- paid-up shares will be communicated via a separate notice
  • Notice No: 20260512-38 | DR-638/2026-2027

Regulatory Changes

No new regulatory changes introduced. This is a corporate action notice under BSE Listing Operations (Department: Listing Operations, Category: Corporate Actions, Segment: Equity).

Compliance Requirements

  • Trading members must note the ISIN change effective 26 May 2026; the old ISIN INE108T01013 (Rs.10/- paid-up) must not be used for exchange transactions from that date onwards.
  • Members should await BSE’s separate notice announcing the new ISIN for Rs.2/- paid-up shares before processing transactions post-record date.
  • Settlement systems and back-office records should be updated to reflect the revised face value and new ISIN once announced.

Important Dates

  • 12 May 2026 – BSE Notice date
  • 26 May 2026 – Record date and Ex-date for sub-division and bonus issue
  • 27 May 2026 – Allotment date for 44,45,884 bonus equity shares
  • On/after 26 May 2026 – Old ISIN INE108T01013 invalid for exchange transactions

Impact Assessment

The 1:5 stock split increases liquidity by reducing the per-share price proportionally, potentially broadening retail investor participation. The 1:10 bonus issue (post-split) adds approximately 44.46 lakh new shares to the float, diluting per-share metrics while rewarding existing shareholders. Traders and institutional holders must update their systems to the new ISIN before the ex-date to avoid settlement failures. The impact is limited to shareholders and trading members dealing in this scrip; there is no broader market or regulatory impact.

Impact Justification

Corporate action affecting existing shareholders of a single company; stock split and bonus issue alter share count and face value but are routine capital structure events with no systemic market impact.