Description
BSE notifies trading members of IB Infotech Enterprises Ltd's equity share sub-division from Rs.10/- face value to Re.1/- each, with record date fixed at 26 May 2026.
Summary
BSE has notified trading members that IB Infotech Enterprises Ltd (Scrip Code: 519463) has fixed 26 May 2026 as the record date for the sub-division of its equity shares. Each existing equity share of Rs.10/- face value will be split into ten equity shares of Re.1/- each. The existing ISIN INE678B01021 will be invalid for exchange transactions on or after 26 May 2026, and a new ISIN for the Re.1/- paid-up shares will be announced separately.
Key Points
- IB Infotech Enterprises Ltd (Scrip Code: 519463) is undertaking a 10:1 equity share sub-division
- Record date for the sub-division is 26 May 2026
- Face value changes from Rs.10/- per share to Re.1/- per share
- Each existing share splits into 10 new shares of Re.1/- each
- New sub-divided shares effective from 26 May 2026
- Settlement reference: DR-638/2026-2027
- Applicable segment: Dematerialised Securities – Rolling Settlement Segment
Regulatory Changes
The sub-division results in a change of ISIN. The existing ISIN INE678B01021 (Rs.10/- paid-up) will cease to be valid for exchange transactions on or after 26 May 2026. A new ISIN for Re.1/- paid-up shares will be communicated to the market via a separate notice.
Compliance Requirements
- Trading members must note that the existing ISIN INE678B01021 cannot be used for transactions on the Exchange on or after 26 May 2026
- Members should update their systems with the new ISIN once announced
- Depository participants and clearing members should process the corporate action in their back-office systems accordingly
Important Dates
- Record Date: 26 May 2026
- Effective Date of Sub-Division: 26 May 2026
- Last valid date for existing ISIN (INE678B01021): 23 May 2026 (last trading day before record date)
- Notice Date: 18 May 2026 (BSE Notice No. 20260518-38, issued 15 May 2026)
Impact Assessment
The sub-division increases the number of shares in circulation tenfold while reducing the face value proportionately, making shares more accessible at a lower per-unit price. Existing shareholders will receive 10 shares of Re.1/- for every 1 share of Rs.10/- held as of the record date. The ISIN change requires trading members, depositories, and back-office systems to be updated to avoid failed transactions post-record date. No broader market impact is anticipated beyond the standard corporate action adjustments.
Impact Justification
Share sub-division affects existing shareholders and trading members by changing face value and ISIN; operationally significant for holders of IBINFOTECH but limited broader market impact.