Description
Instructions for early pay-in of INDIAGLYCO securities due to face value split from Rs 10 to Rs 5 per share with record date August 12, 2025.
Summary
NSE Clearing Limited has issued instructions for early pay-in of India Glycols Limited (INDIAGLYCO) securities due to a face value split from Rs 10 per share to Rs 5 per share. The circular provides specific guidance on settlement procedures and ISIN usage during the corporate action period.
Key Points
- Face value split from Rs 10 to Rs 5 per share for India Glycols Limited (INDIAGLYCO)
- Existing/Old ISIN: INE560A01015
- Record date and ex-date: August 12, 2025
- Special early pay-in instructions apply for specific settlement dates
- Different ISIN usage requirements before and after record date
Regulatory Changes
No new regulatory changes introduced. Instructions follow existing Item 10.18 ‘Early Pay-in of Securities for Margin Exemption’ from consolidated circular NCL/CMPT/67751 dated April 29, 2025.
Compliance Requirements
- Members must use existing/old ISIN for early pay-in on August 12-13, 2025
- For sale quantity of 10 shares, early pay-in should be for 5 shares in old ISIN
- Custodians using pool accounts must upload client-wise allocation details based on actual traded quantity
- Block mechanism requirements per NCL circular NCL/CMPT/53386 dated August 22, 2022 must be followed
- Client-wise early pay-in allocation file should not be uploaded when using block mechanism
- Use new ISIN for pay-in/early pay-in after record date
Important Dates
- Record Date: August 12, 2025
- Ex-Date: August 12, 2025
- EPI Dates: August 12-13, 2025
- Settlement Numbers: 2025154 (Aug 12), 2025154 & 2025155 (Aug 13)
Impact Assessment
Medium impact on trading operations for INDIAGLYCO. Members and custodians must adjust their settlement processes temporarily to accommodate the face value split. The specific ISIN usage requirements during the transition period require careful attention to avoid settlement issues. Impact is limited to one security but requires operational adjustments.
Impact Justification
Specific trading instructions for corporate action affecting settlement process