Description

NSE announces face value split of SKM Egg Products Export (India) Limited equity shares from Rs. 10 to Rs. 5, effective January 12, 2026.

Summary

The National Stock Exchange of India has informed all members that SKM Egg Products Export (India) Limited (symbol: SKMEGGPROD) will undergo a face value split. The face value and paid-up value of equity shares will be reduced from Rs. 10 to Rs. 5 per share, effective January 12, 2026.

Key Points

  • Company: SKM Egg Products Export (India) Limited
  • Stock Symbol: SKMEGGPROD
  • Existing face value and paid-up value: Rs. 10 per share
  • New face value and paid-up value: Rs. 5 per share
  • Split ratio: 1:2 (each share of Rs. 10 will be split into 2 shares of Rs. 5)
  • Circular reference number: NSE/CML/72097 (2559/2025)
  • Issuing department: Listing Department

Regulatory Changes

This circular represents a corporate restructuring action where the company has chosen to split its equity shares to improve liquidity and affordability. The face value split does not change the total market capitalization of the company or the proportionate ownership of existing shareholders.

Compliance Requirements

  • All NSE members must note the change in face value and paid-up value
  • Trading systems and records must be updated to reflect the new face value from the effective date
  • Members should ensure proper adjustment of holdings and positions in their systems

Important Dates

  • Circular issue date: December 31, 2025
  • Effective date: January 12, 2026

Impact Assessment

Market Impact:

  • Increased number of outstanding shares (doubled)
  • Share price will adjust proportionately (approximately halved)
  • Improved affordability for retail investors
  • Potential for enhanced liquidity in the stock

Operational Impact:

  • Trading members must update their systems to reflect new face value
  • No impact on total shareholder value or ownership percentage
  • Lot sizes and contract specifications may need adjustment

Investor Impact:

  • Shareholders will receive double the number of shares at half the face value
  • No change in total investment value or ownership stake
  • Lower per-share price may attract more retail participation

Impact Justification

Face value split is a significant corporate action affecting share pricing and trading but does not change fundamental company value or shareholder ownership percentage.