Description
BSE notifies trading members that Gautam Exim Ltd has fixed May 22, 2026 as the record date for subdivision of equity shares from Rs.10/- each into two shares of Rs.5/- each, with the market lot revised from 375 to 750.
Summary
BSE has notified trading members that Gautam Exim Ltd (Scrip Code: 540613) has fixed May 22, 2026 as the record date for the subdivision of its equity shares. Each existing equity share of Rs. 10/- face value will be split into two equity shares of Rs. 5/- each. The market lot will be revised from 375 to 750 effective the same date.
Key Points
- Record date for the stock split: May 22, 2026
- Split ratio: 1 share of Rs. 10/- → 2 shares of Rs. 5/- each
- Reference order: DR-636/2026-2027
- Market lot changes from 375 to 750 effective May 22, 2026
- Existing ISIN INE721X01015 (Rs. 10/- paid up) will be invalid for Exchange transactions on or after May 22, 2026
- New ISIN for Rs. 5/- paid-up shares will be communicated via a separate notice
Regulatory Changes
Pursuant to the stock split, the paid-up value per share changes from Rs. 10/- to Rs. 5/-. The existing ISIN (INE721X01015) will cease to be valid for Exchange transactions from May 22, 2026 onwards. A new ISIN will be issued and announced separately.
Compliance Requirements
- Trading members must update their systems to reflect the revised market lot of 750 effective May 22, 2026
- Members must not use ISIN INE721X01015 for transactions on or after May 22, 2026
- Members should watch for the separate BSE notice announcing the new ISIN for the Rs. 5/- paid-up shares
Important Dates
| Event | Date |
|---|---|
| Circular Date | May 14, 2026 |
| Record Date (Subdivision) | May 22, 2026 |
| New face value effective date | May 22, 2026 (Friday) |
| Old ISIN INE721X01015 validity ends | May 21, 2026 (last valid day) |
Impact Assessment
The subdivision lowers the per-share face value and doubles the number of shares in circulation, which typically improves liquidity and affordability for retail investors. The revised market lot of 750 (up from 375) maintains equivalent value per lot post-split. Trading members must ensure their order management and back-office systems are updated before May 22, 2026 to reflect the new market lot and await the new ISIN announcement to avoid settlement failures.
Impact Justification
Stock split affects existing shareholders and trading members by changing ISIN, market lot, and face value; operationally significant for holders of Gautam Exim Ltd but limited to a single mid-size scrip.