Description
NSE announces change in ISIN code for Pavna Industries Limited due to sub-division of equity shares from Rs. 10/- to Re. 1/-
Summary
NSE has announced a change in ISIN code for Pavna Industries Limited (PAVNAIND) effective September 01, 2025, due to sub-division of equity shares from face value of Rs. 10/- to Re. 1/-. The new ISIN INE07S101038 will be effective for all trades from the ex-date.
Key Points
- Company: Pavna Industries Limited
- Symbol: PAVNAIND
- New ISIN: INE07S101038
- Reason: Sub-division of equity shares from Rs. 10/- to Re. 1/-
- Effective date: September 01, 2025 (Ex-date)
Regulatory Changes
ISIN code change from existing code to INE07S101038 to reflect the sub-division of equity shares with reduced face value.
Compliance Requirements
- All members must update their systems with the new ISIN code
- Trading systems must reflect the new ISIN from September 01, 2025
- Settlement processes must use the new ISIN for trades executed on or after the ex-date
Important Dates
- August 28, 2025: Circular notification date
- September 01, 2025: Ex-date - New ISIN becomes effective for all trades
Impact Assessment
Routine administrative change affecting trading and settlement systems. Members need to update their systems to ensure smooth trading operations. The sub-division will increase the number of shares outstanding while reducing the face value, making shares more affordable for retail investors.
Impact Justification
ISIN changes affect trading systems and settlement processes but are routine corporate actions