Description
NSE informs that R&B Denims Limited (RNBDENIMS) will undergo a face value split from Rs. 2 to Re. 1 per equity share, effective April 2, 2026.
Summary
NSE’s Listing Department has announced that R&B Denims Limited (Symbol: RNBDENIMS) will undergo a face value split effective April 2, 2026. The existing face value and paid-up value of Rs. 2 per equity share will be reduced to Re. 1 per equity share.
Key Points
- R&B Denims Limited (RNBDENIMS) is undergoing a face value split
- Existing face value: Rs. 2 per share
- New face value: Re. 1 per share
- Effective date: April 2, 2026
- Circular issued under NSE Download Ref No: NSE/CML/73448 and Circular Ref. No: 0507/2026
Regulatory Changes
The paid-up value of equity shares of R&B Denims Limited will be halved from Rs. 2 to Re. 1 per share. This is a structural change in the share denomination and will be reflected in the company’s capital structure accordingly.
Compliance Requirements
All NSE members are informed of this change and are expected to update their records and systems to reflect the new face value of RNBDENIMS shares effective April 2, 2026. No specific action is required from members beyond awareness and system updates.
Important Dates
- Circular Date: March 24, 2026
- Effective Date of Face Value Split: April 2, 2026
Impact Assessment
The face value split from Rs. 2 to Re. 1 will double the number of equity shares outstanding for R&B Denims Limited, with a corresponding adjustment in share price to maintain market capitalization. This is a routine corporate action that improves share liquidity and affordability. Traders and investors holding RNBDENIMS should note the change in face value when analyzing financials and EPS post-split.
Impact Justification
Stock split affects share price and lot sizes for RNBDENIMS traders and investors, requiring awareness ahead of the April 2, 2026 effective date, but is a routine corporate action with no regulatory compliance burden on members.