Description
NSE Clearing Limited instructs members, custodians, and PCMs on early pay-in procedures for Anlon Healthcare Limited (AHCL) ahead of a face value split from Rs 10 to Rs 2 per share, effective April 24, 2026.
Summary
NSE Clearing Limited (NCL) has issued instructions to all Members, Custodians, and PCMs regarding the early pay-in (EPI) process for Anlon Healthcare Limited (AHCL, ISIN: INE0Y8W01017) in connection with a face value split (sub-division) from Rs 10/- per share to Rs 2/- per share. The record date and ex-date are both April 24, 2026. Members must use the old/existing ISIN for EPI on and before the record date and switch to the new ISIN thereafter.
Key Points
- AHCL (INE0Y8W01017) is undergoing a face value split from Rs 10 to Rs 2 per share with record date and ex-date of April 24, 2026.
- For EPI on April 24, 2026 (Settlement 2026076): use the old/existing ISIN without adjusting for the conversion ratio.
- For EPI on April 27, 2026 (Settlements 2026076 & 2026077): use the new ISIN.
- Example: For a sale of 10 shares, EPI in the old ISIN should be for a quantity of 2 shares (pre-split equivalent).
- Custodians using pool account EPI must upload client-wise allocation details based on actual traded quantity (e.g., 10 shares in the example).
- Early pay-in through block mechanism must not include a client-wise early pay-in allocation file upload.
- Members must continue to adhere to NCL circular NCL/CMPT/53386 (Aug 22, 2022) on block mechanism for demat accounts.
Regulatory Changes
No new regulatory framework is introduced. This circular operationalizes existing provisions under Item 10.18 of the consolidated NCL circular (NCL/CMPT/67751, April 29, 2025) for handling EPI during corporate actions involving face value splits.
Compliance Requirements
- Members/custodians must execute EPI in the old ISIN for trade dates on or before April 24, 2026 (ex-date/record date), without adjusting quantities for the split conversion.
- After the record date, all pay-in and early pay-in instructions must be executed in the new ISIN.
- Custodians providing EPI through pool accounts must upload client-wise allocation files reflecting actual traded quantities.
- Block mechanism EPI users must not upload client-wise allocation files.
- Helpdesk contact: 18002660050 (Option 2) or securities_ops@nsccl.co.in.
Important Dates
| Date | Event |
|---|---|
| April 23, 2026 | Circular issued |
| April 24, 2026 | Ex-Date and Record Date for face value split; EPI in old ISIN for Settlement 2026076 |
| April 27, 2026 | EPI in new ISIN for Settlements 2026076 & 2026077 |
Impact Assessment
This circular has a medium operational impact confined to market participants holding or trading AHCL positions around the April 24 corporate action date. Members and custodians must carefully apply split-adjusted quantities when executing EPI in the old ISIN to avoid settlement failures. The guidance is specific and time-bound, limiting broader market impact. Non-compliance could result in settlement mismatches for AHCL trades in the affected settlement windows.
Impact Justification
Operationally significant for members and custodians trading AHCL around the April 24 record/ex-date, but limited to a single stock's face-value split event with clear procedural guidance.