Description
NSE announces face value split of Steelcast Limited equity shares from Rs. 5 to Re. 1 effective August 29, 2025.
Summary
National Stock Exchange announces that Steelcast Limited (STEELCAS) will undergo a face value split, reducing the face value and paid-up value of equity shares from Rs. 5 to Re. 1, effective August 29, 2025.
Key Points
- Company: Steelcast Limited (Symbol: STEELCAS)
- Existing face value: Rs. 5 per share
- New face value: Re. 1 per share
- Split ratio: 5:1 (each existing share will become 5 shares)
- Effective date: August 29, 2025
Regulatory Changes
No regulatory framework changes. This is a standard corporate action where the company splits its existing shares into smaller denominations.
Compliance Requirements
- Exchange members must note the change in face value for trading purposes
- Settlement and clearing systems will be updated to reflect the new share structure
- All trading and settlement activities must comply with the new face value from the effective date
Important Dates
- August 29, 2025: Effective date for face value split
- August 20, 2025: Circular issuance date
Impact Assessment
Market Impact: The face value split will increase the number of shares outstanding by 5 times while reducing the share price proportionally. This makes shares more affordable for retail investors and improves liquidity. The total market capitalization remains unchanged. Existing shareholders will receive 4 additional shares for every 1 share held.
Impact Justification
Face value split affects share price and number of shares but doesn't change market capitalization