Description

NSE informs members that the ISIN for Avro India Limited (AVROIND) will change effective May 05, 2026, following a sub-division of equity shares from Rs. 10/- to Re. 1/- face value.

Summary

NSE has notified all exchange members that the ISIN code for Avro India Limited (symbol: AVROIND) will be changed effective May 05, 2026. The change is a result of a sub-division of equity shares from a face value of Rs. 10/- per share to Re. 1/- per share. The new ISIN is INE652Z01025.

Key Points

  • The ISIN for Avro India Limited (AVROIND) is being changed to INE652Z01025
  • The change is triggered by a share sub-division (stock split) from Rs. 10/- face value to Re. 1/- face value
  • The new ISIN is effective from May 05, 2026 (the Ex-date)
  • All trades executed on and after the Ex-date will use the new ISIN
  • Circular reference: NSE/CML/73983, Ref. No. 0715/2026

Regulatory Changes

The existing ISIN for AVROIND is being replaced with INE652Z01025 to reflect the corporate action of share sub-division. This is a standard procedure under SEBI and depository regulations when a company alters its share face value.

Compliance Requirements

  • All exchange members must update their systems to reflect the new ISIN (INE652Z01025) for AVROIND effective May 05, 2026
  • Members should ensure that trades, settlements, and client records reference the new ISIN from the Ex-date onwards
  • Depositories and custodians should update holdings and position records accordingly

Important Dates

  • Circular Date: April 30, 2026
  • Ex-date / Effective Date: May 05, 2026 — new ISIN applicable for all trades from this date

Impact Assessment

This change has a moderate operational impact on members, brokers, and investors holding AVROIND shares. The sub-division increases the number of shares outstanding (10x, given the face value ratio), potentially improving liquidity and affordability of the stock. Members must ensure back-office systems, order management platforms, and client-facing portals are updated before the Ex-date to avoid settlement discrepancies. Existing holders will see their ISIN updated in depository accounts automatically, but any standing instructions or pre-configured orders referencing the old ISIN may need to be revised.

Impact Justification

ISIN change due to stock sub-division directly affects trading systems, settlement, and holdings records for AVROIND shareholders and members. Operationally significant but limited to a single company.