Description
NSE Clearing Limited advises members on early pay-in process for Silver Touch Technologies Limited (SILVERTUC) due to a face value split from Rs 10 to Rs 2 per share, effective March 06, 2026.
Summary
NSE Clearing Limited has issued guidance for members, custodians, and PCMs regarding the early pay-in (EPI) of securities for Silver Touch Technologies Limited (symbol: SILVERTUC, ISIN: INE625X01018) in connection with a face value split. The stock’s face value is being reduced from Rs 10 per share to Rs 2 per share, with the record date and ex-date both set for March 06, 2026.
Key Points
- Silver Touch Technologies Limited (SILVERTUC) is undergoing a face value split (sub-division) from Rs 10 per share to Rs 2 per share.
- The ex-date and record date are both March 06, 2026.
- Existing/Old ISIN: INE625X01018.
- Members must use the old/existing ISIN for early pay-in on March 06, 2026 (Settlement No. 2026045).
- On March 09, 2026, early pay-in must use the new ISIN for settlement numbers 2026045 and 2026046.
- For ex-date/record date EPI, quantities should NOT be adjusted for the conversion ratio. Example: for a sale of 10 shares, EPI in the depository should be in the old ISIN for a quantity of 2 shares.
- Early pay-in through block mechanism: client-wise early pay-in allocation file should NOT be uploaded.
- Custodians providing EPI through pool accounts must upload client-wise allocation details based on actual traded quantity (e.g., 10 shares in the example).
- After the record date, all pay-in/early pay-in instructions must be executed in the new ISIN.
Regulatory Changes
No new regulatory changes introduced. This circular references existing guidelines under NCL/CMPT/67751 (dated April 29, 2025, Item 10.18) on early pay-in of securities for margin exemption, and NCL/CMPT/53386 (dated August 22, 2022) on SEBI’s block mechanism in demat accounts for sale transactions.
Compliance Requirements
- Members and custodians must use the old ISIN (INE625X01018) for EPI on the ex-date (March 06, 2026) without adjusting for the split conversion ratio.
- After the record date, all EPI instructions must switch to the new ISIN.
- Custodians using pool accounts for EPI must upload client-wise early pay-in allocation files reflecting actual traded quantities.
- Members using block mechanism must NOT upload the client-wise EPI allocation file.
- All participants must adhere to NCL/CMPT/53386 regarding block mechanism in demat accounts.
Important Dates
| Date | Event |
|---|---|
| March 05, 2026 | Circular issued |
| March 06, 2026 | Ex-date and Record Date for face value split; EPI in old ISIN for Settlement No. 2026045 |
| March 09, 2026 | EPI in new ISIN for Settlement Nos. 2026045 and 2026046 |
Impact Assessment
This circular has a moderate operational impact on members and custodians who trade or hold Silver Touch Technologies Limited (SILVERTUC) securities around the face value split event. Participants must carefully manage the transition between old and new ISINs for early pay-in instructions to avoid settlement failures or margin exemption issues. The requirement to use pre-split quantities (without adjusting for the 5:1 split ratio) on the ex-date adds a specific operational nuance that requires attention. Incorrect handling could result in settlement discrepancies or loss of margin exemption benefits.
Impact Justification
Operational circular affecting members and custodians trading SILVERTUC around the face value split record date; requires specific early pay-in handling in old vs new ISIN across specific settlement numbers.