Description

NSE announces face value split of Varvee Global Limited (VGL) equity shares from Rs. 10 to Rs. 5, effective March 02, 2026.

Summary

NSE has announced a face value split for Varvee Global Limited (Symbol: VGL). The face value and paid-up value of equity shares will be reduced from Rs. 10 to Rs. 5 per share, effective March 02, 2026. This is a standard corporate action that will proportionally increase the number of shares in circulation while keeping total market capitalization unchanged.

Key Points

  • Varvee Global Limited (VGL) equity shares will undergo a face value split
  • Existing face value and paid-up value: Rs. 10 per share
  • New face value and paid-up value: Rs. 5 per share
  • Split ratio: 2-for-1 (each Rs. 10 share becomes two Rs. 5 shares)
  • Effective date: March 02, 2026
  • Circular issued by NSE Department of Listing (Ref: NSE/CML/72934, Circular 0296/2026)

Regulatory Changes

The face value of VGL equity shares will officially change from Rs. 10 to Rs. 5 in NSE records with effect from March 02, 2026. All trading, settlement, and market data systems will reflect the new face value from that date.

Compliance Requirements

  • All NSE members are informed and expected to update their systems and client records accordingly
  • Brokers and depository participants must ensure client demat accounts reflect the revised share quantity post-split
  • Members should communicate this corporate action to their clients holding VGL shares

Important Dates

  • Circular Date: February 23, 2026
  • Effective Date of Face Value Change: March 02, 2026

Impact Assessment

The face value split will result in a proportional increase in the number of VGL shares held by existing shareholders, with the share price adjusting downward accordingly to maintain equivalent market value. This typically improves liquidity and affordability of the stock for retail investors. No change in total market capitalization or company fundamentals is expected as a result of this split.

Impact Justification

Stock split affects share price, lot sizes, and trading parameters for VGL shareholders and traders, but does not change company fundamentals or market capitalization.