Description

NSE announces change in ISIN code for MCX equity shares due to stock split from Rs. 10/- to Rs. 2/- effective January 02, 2026.

Summary

The National Stock Exchange of India has announced a change in the ISIN code for Multi Commodity Exchange of India Limited (MCX) equity shares. The change is necessitated by a stock sub-division from face value Rs. 10/- to Rs. 2/-. The new ISIN INE745G01043 will become effective for all trades from January 02, 2026.

Key Points

  • Company affected: Multi Commodity Exchange of India Limited (Symbol: MCX)
  • New ISIN code: INE745G01043
  • Reason: Stock sub-division from Rs. 10/- to Rs. 2/- face value
  • Ex-date: January 02, 2026
  • The new ISIN will apply to all trades executed on or after the ex-date

Regulatory Changes

No regulatory framework changes. This is a corporate action-related administrative change in the identification code for MCX equity shares following stock subdivision.

Compliance Requirements

  • Exchange members must update their systems to reflect the new ISIN code INE745G01043 for MCX shares
  • All trading, clearing, and settlement systems must be configured to use the new ISIN from January 02, 2026
  • Members should ensure their back-office systems are updated before the ex-date

Important Dates

  • Circular Date: December 31, 2025
  • Ex-Date (Effective Date): January 02, 2026 - New ISIN becomes effective for all trades

Impact Assessment

Market Impact: Medium - The ISIN change affects all market participants trading MCX shares. However, this is a standard corporate action with advance notice.

Operational Impact: Members need to ensure their trading and settlement systems are updated with the new ISIN code before January 02, 2026. The stock sub-division from Rs. 10 to Rs. 2 will increase the number of shares outstanding by 5x while reducing the share price proportionally, potentially improving liquidity and accessibility for retail investors.

System Impact: Trading systems, risk management systems, and back-office applications must be reconfigured to recognize the new ISIN code for seamless operations post-implementation.

Impact Justification

ISIN change due to stock sub-division affects trading and settlement systems but is a routine corporate action with clear implementation timeline