Description
NSE announces face value split of Pashupati Cotspin Limited equity shares from Rs. 10 to Re. 1, effective April 17, 2026.
Summary
NSE has informed all members that Pashupati Cotspin Limited (Symbol: PASHUPATI) will undergo a face value split of its equity shares. The face value and paid-up value will be reduced from Rs. 10 to Re. 1 per share, effective April 17, 2026.
Key Points
- Company: Pashupati Cotspin Limited
- NSE Symbol: PASHUPATI
- Existing face value and paid-up value: Rs. 10 per share
- New face value and paid-up value: Re. 1 per share
- Split ratio: 10:1
- Circular issued by NSE Listing Department under Ref No: NSE/CML/73638
Regulatory Changes
The face value of PASHUPATI equity shares will change from Rs. 10 to Re. 1 per share as per NSE Circular Ref. No. 0586/2026. This corporate action results in a 10x increase in the number of outstanding shares with a proportional reduction in face value.
Compliance Requirements
- All NSE members are notified to update their records and systems to reflect the new face value of Re. 1 per share for PASHUPATI effective April 17, 2026.
- Members should communicate this change to their clients holding PASHUPATI shares.
Important Dates
- Circular Date: April 07, 2026
- Effective Date: April 17, 2026
Impact Assessment
The face value split will increase the number of outstanding equity shares of Pashupati Cotspin Limited by a factor of 10, while reducing the face value proportionally from Rs. 10 to Re. 1. This typically improves share liquidity and accessibility for retail investors by lowering the per-share price. Members and investors holding PASHUPATI shares should account for this change in their portfolios and trading systems from April 17, 2026.
Impact Justification
Stock split affects share price and liquidity for PASHUPATI but is a routine corporate action with a clear effective date.