Description

NSE announces change in ISIN code for Kotak Mahindra Bank Limited effective January 14, 2026 due to sub-division of shares from Rs. 5/- to Re. 1/-.

Summary

National Stock Exchange of India has announced a change in the ISIN code for Kotak Mahindra Bank Limited (KOTAKBANK) effective January 14, 2026. The new ISIN code INE237A01036 will replace the existing code due to the sub-division of equity shares from face value of Rs. 5/- to Re. 1/-. The new ISIN will be applicable for all trades executed on and from the ex-date.

Key Points

  • New ISIN code: INE237A01036
  • Effective date: January 14, 2026 (ex-date)
  • Reason: Sub-division of shares from Rs. 5/- to Re. 1/-
  • Symbol: KOTAKBANK remains unchanged
  • All trades from ex-date onwards will use the new ISIN

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for ISIN modification following share sub-division.

Compliance Requirements

  • Members and market participants must update their systems with the new ISIN code INE237A01036 before January 14, 2026
  • Ensure all trading and settlement systems reflect the new ISIN for trades executed on or after the ex-date
  • Update client holdings and records to reflect the new ISIN post sub-division

Important Dates

  • Circular Date: January 08, 2026
  • Ex-Date (Effective Date): January 14, 2026 - New ISIN becomes effective for all trades

Impact Assessment

Medium impact on market operations. The ISIN change affects:

  • Trading Systems: All trading platforms must be updated with the new ISIN code
  • Settlement Systems: Back-office and settlement systems need configuration changes
  • Investor Holdings: Depository participants must update client holdings with new ISIN
  • Reporting: All regulatory reporting must use the new ISIN for trades from ex-date
  • Market Impact: No direct impact on stock price or liquidity, but system readiness is critical to avoid trading disruptions

The share sub-division (5:1 split) will increase the number of outstanding shares five-fold while reducing the face value, making shares more affordable for retail investors.

Impact Justification

ISIN change affects trading and settlement systems for a major bank stock due to share sub-division, requiring system updates by market participants.