Description

NSE announces ISIN code change for Steelcast Limited due to sub-division of shares from Rs. 5/- to Re. 1/-

Summary

NSE announces a change in ISIN code for Steelcast Limited (STEELCAS) effective August 29, 2025, due to share sub-division from Rs. 5/- to Re. 1/-. The new ISIN INE124E01038 will be effective for all trades from the ex-date.

Key Points

  • Company: Steelcast Limited (Symbol: STEELCAS)
  • New ISIN: INE124E01038
  • Reason: Sub-division of shares from Rs. 5/- to Re. 1/-
  • Effective date: August 29, 2025
  • Applies to all trades from ex-date onwards

Regulatory Changes

ISIN code change from existing code to INE124E01038 for Steelcast Limited’s equity shares following corporate action of share sub-division.

Compliance Requirements

Members must update their systems to reflect the new ISIN code for Steelcast Limited equity shares effective August 29, 2025.

Important Dates

  • Ex-date: August 29, 2025
  • Effective date for new ISIN: August 29, 2025

Impact Assessment

The ISIN change affects trading systems and requires technical updates by exchange members. Share sub-division typically increases liquidity by reducing share price and making shares more accessible to retail investors.

Impact Justification

ISIN changes require system updates and affect trading operations for the specific stock