Description

NSE announces change in ISIN for V2 Retail Limited (V2RETAIL) effective March 25, 2026, due to sub-division of shares from Rs. 10/- to Re. 1/-. New ISIN is INE945H01021.

Summary

NSE has notified a change in ISIN for V2 Retail Limited (symbol: V2RETAIL) as a result of a share sub-division (stock split) from a face value of Rs. 10/- per share to Re. 1/- per share. The new ISIN INE945H01021 will be effective from the ex-date of March 25, 2026.

Key Points

  • V2 Retail Limited (V2RETAIL) is undergoing a share sub-division from face value Rs. 10/- to Re. 1/-
  • New ISIN assigned: INE945H01021
  • Change is effective for all trades on and from the ex-date: March 25, 2026
  • Circular issued by NSE Listing Department under Ref No: NSE/CML/73431, Circular Ref. No: 0497/2026

Regulatory Changes

The ISIN code for equity shares of V2 Retail Limited is being changed in accordance with the corporate action (share sub-division). All trading, settlement, and depository records must reflect the new ISIN from the effective date.

Compliance Requirements

  • Exchange members must update their systems to reflect the new ISIN (INE945H01021) for V2RETAIL from March 25, 2026
  • All trades executed on or after the ex-date must use the new ISIN
  • Back-office, risk, and depository systems should be updated accordingly

Important Dates

  • Circular Date: March 23, 2026
  • Ex-Date / Effective Date: March 25, 2026 — new ISIN applicable for all trades from this date

Impact Assessment

The share sub-division reduces the face value from Rs. 10/- to Re. 1/- (a 10:1 split ratio implied), which will proportionally increase the number of shares held by investors while reducing the per-share price. The ISIN change requires operational updates by trading members, depositories, and custodians. Market liquidity for V2RETAIL may improve post-split due to a lower per-share price. No broader market impact is expected beyond the single stock.

Impact Justification

ISIN change affects all trading and settlement operations for V2RETAIL from ex-date. Relevant to traders, depositories, and back-office systems but limited to a single stock corporate action.