Description

NSE announces face value split of Dhariwalcorp Limited equity shares from Rs. 10 to Rs. 2, effective February 06, 2026.

Summary

The National Stock Exchange of India has notified that Dhariwalcorp Limited (DHARIWAL) 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. 2 per share, representing a 5:1 split ratio. This change will be effective from February 06, 2026.

Key Points

  • Company: Dhariwalcorp Limited
  • Stock Symbol: DHARIWAL
  • Existing face value: Rs. 10 per share
  • New face value: Rs. 2 per share
  • Split ratio: 5:1 (each existing share will become 5 shares)
  • Effective date: February 06, 2026
  • Circular reference: NSE/CML/72573, Circular No. 0159/2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action where the company subdivides existing shares to improve liquidity and affordability.

Compliance Requirements

  • All NSE members must note the change in face value effective February 06, 2026
  • Trading systems and records must reflect the new face value from the effective date
  • Shareholders will automatically receive additional shares in their demat accounts in the ratio of 5:1

Important Dates

  • Circular Date: February 02, 2026
  • Effective Date: February 06, 2026

Impact Assessment

Market Impact: The face value split will increase the number of outstanding shares by 5 times while proportionally reducing the market price. This typically improves liquidity and makes shares more affordable for retail investors. The total market capitalization and shareholder value remain unchanged.

Operational Impact: Trading members need to update their systems to reflect the new face value. Post-split, the stock price will adjust to approximately one-fifth of the pre-split price, with shareholders holding five times the number of shares.

Impact Justification

Face value split affects share price and liquidity but does not change company fundamentals or shareholder value. Important for existing shareholders and traders to note the 5:1 split ratio.