Description
Equity shares of Bharat Rasayan Limited will undergo a face value split from Rs. 10 to Rs. 5, effective December 12, 2025.
Summary
The National Stock Exchange of India has announced that Bharat Rasayan Limited (BHARATRAS) will undergo a face value split of its equity shares. The face value and paid-up value will be reduced from Rs. 10 to Rs. 5 per share, effective December 12, 2025.
Key Points
- Company: Bharat Rasayan Limited
- Stock Symbol: BHARATRAS
- Current face value: Rs. 10 per share
- New face value: Rs. 5 per share
- This is a 1:2 stock split (each share will be split into 2 shares)
- Change applies to both face value and paid-up value
Regulatory Changes
No regulatory framework changes. This is a standard corporate action permitted under existing regulations for listed companies.
Compliance Requirements
- NSE members and market participants must update their systems to reflect the new face value
- Trading systems must be configured for the revised share denomination
- Shareholders will receive additional shares in proportion to their existing holdings
Important Dates
- Circular Issue Date: November 26, 2025
- Effective Date: December 12, 2025
Impact Assessment
Market Impact: The face value split will increase the number of outstanding shares proportionally while reducing the price per share. This typically improves liquidity and makes shares more affordable for retail investors. The total market capitalization and shareholder value remains unchanged.
Operational Impact: Brokers, custodians, and depository participants need to update their systems before the effective date. Shareholders will see their shareholding quantity double while the per-share price halves, maintaining overall investment value.
Impact Justification
Face value split is a significant corporate action affecting share pricing and liquidity for BHARATRAS shareholders, but does not change fundamental company value