Description
ISIN code change for SKM Egg Products Export (India) Limited effective January 12, 2026 due to equity share sub-division from Rs. 10/- to Rs. 5/-.
Summary
The National Stock Exchange of India has announced a change in the ISIN code for SKM Egg Products Export (India) Limited (Symbol: SKMEGGPROD) effective January 12, 2026. The change is due to a sub-division of equity shares from face value Rs. 10/- to Rs. 5/-. The new ISIN code will be INE411D01023 and will apply to all trades executed on or after the ex-date.
Key Points
- Company: SKM Egg Products Export (India) Limited
- Stock Symbol: SKMEGGPROD
- New ISIN: INE411D01023
- Reason: Sub-division of equity shares from Rs. 10/- to Rs. 5/-
- Effective Date: January 12, 2026 (Ex-date)
- All trades from ex-date onwards will use the new ISIN
Regulatory Changes
No regulatory framework changes. This is a corporate action resulting in ISIN code modification to reflect the new face value of equity shares post sub-division.
Compliance Requirements
- Exchange members must update their systems to reflect the new ISIN code INE411D01023
- All trades executed on and from January 12, 2026 must use the new ISIN
- Members should ensure proper mapping of the old and new ISIN in their trading and settlement systems
Important Dates
- Circular Date: January 07, 2026
- Ex-Date (Effective Date): January 12, 2026
- New ISIN Applicability: All trades from January 12, 2026 onwards
Impact Assessment
Market Impact: Medium - Share sub-division typically increases liquidity by reducing per-share price, making the stock more accessible to retail investors.
Operational Impact: Medium - Exchange members and market participants need to update their systems, databases, and settlement processes to accommodate the new ISIN. The 5-day notice period provides adequate time for system updates.
Trading Impact: Shareholders will hold double the number of shares at half the face value post sub-division. The total investment value remains unchanged, but the increased number of shares may enhance trading activity.
Impact Justification
ISIN change due to share sub-division affects trading and settlement systems but is a standard corporate action with clear implementation date