Description

NSE announces a change in ISIN for Pashupati Cotspin Limited (PASHUPATI) effective April 17, 2026, following a sub-division of equity shares from Rs. 10/- to Re. 1/- face value.

Summary

NSE’s Listing Department has notified all members that the ISIN code for the equity shares of Pashupati Cotspin Limited (Symbol: PASHUPATI) will be changed with effect from April 17, 2026. The change is consequent to a sub-division (stock split) of equity shares from a face value of Rs. 10/- per share to Re. 1/- per share.

Key Points

  • The existing ISIN for PASHUPATI equity shares will be replaced with the new ISIN INE124Y01028.
  • The ISIN change is triggered by a sub-division of face value from Rs. 10/- to Re. 1/- per equity share.
  • The new ISIN will be effective for all trades executed on and from the Ex-date, i.e., April 17, 2026.
  • Circular issued by Ruchi Jaiswal, Manager, NSE Listing Department under Ref. No. NSE/CML/73718 and Circular Ref. No. 0611/2026.

Regulatory Changes

The ISIN code for Pashupati Cotspin Limited equity shares is being updated in the exchange system to reflect the corporate action of sub-division. All downstream systems, depositories, and member back-offices must update their records to use the new ISIN INE124Y01028 from the effective date.

Compliance Requirements

  • All trading members must update their systems to recognize and use the new ISIN INE124Y01028 for PASHUPATI equity shares effective April 17, 2026.
  • Members should ensure that any pending orders, settlement instructions, or back-office references using the old ISIN are updated before the Ex-date.
  • Custodians and depositories should update client holdings records accordingly.

Important Dates

  • Circular Date: April 13, 2026
  • Ex-date / Effective Date: April 17, 2026 — new ISIN becomes applicable for all trades from this date onwards.

Impact Assessment

This change has a moderate operational impact on trading members, custodians, and investors holding PASHUPATI shares. The sub-division from Rs. 10/- to Re. 1/- face value increases the number of shares outstanding by a factor of 10, and the new ISIN must be used for all post-Ex-date trades and settlement. Investors and institutions holding PASHUPATI shares need to verify that their demat accounts and portfolio management systems reflect the new ISIN to avoid settlement failures or reconciliation issues.

Impact Justification

ISIN change affects all trading members and holders of PASHUPATI shares due to a face value sub-division; operationally significant but limited to a single stock with a clear effective date.