Description
ISIN code change for Fineotex Chemical Limited equity shares due to sub-division from Rs. 2/- to Re. 1/-, effective October 31, 2025.
Summary
National Stock Exchange of India has announced a change in ISIN code for Fineotex Chemical Limited (FCL) equity shares, effective October 31, 2025. The change is due to a sub-division of shares from face value Rs. 2/- to Re. 1/-. The new ISIN INE045J01034 will be applicable for all trades executed on or after the ex-date of October 31, 2025.
Key Points
- Company: Fineotex Chemical Limited
- Symbol: FCL
- New ISIN: INE045J01034
- Reason: Sub-division of equity shares from Rs. 2/- to Re. 1/-
- Effective Date: October 31, 2025 (Ex-date)
- Circular Reference: NSE/CML/71028, Circular Ref. No: 2108/2025
Regulatory Changes
No regulatory framework changes. This is a standard ISIN change notification following a corporate action (share sub-division) approved by the company.
Compliance Requirements
- Exchange members must update their systems to reflect the new ISIN code INE045J01034 for FCL
- All trades executed on or after October 31, 2025 must use the new ISIN
- Members should ensure proper mapping and transition from old to new ISIN in their trading and settlement systems
Important Dates
- October 30, 2025: Circular issue date
- October 31, 2025: Ex-date - New ISIN becomes effective for all trades
Impact Assessment
Market Impact: Medium - Share sub-division typically increases liquidity by reducing share price and making shares more accessible to retail investors. The ISIN change itself is administrative.
Operational Impact: Medium - Trading members and depositories need to update their systems to reflect the new ISIN. However, this is a standard corporate action with clear timelines.
Investor Impact: Existing shareholders will see their holdings doubled (2:1 split) with proportionate reduction in share price, maintaining the same total investment value.
Impact Justification
ISIN change due to share sub-division affects trading and settlement systems but is a routine corporate action with clear implementation date