BSE has notified trading members that String Metaverse Ltd (Scrip Code: 534535) has fixed April 24, 2026 as the record date for sub-division of its equity shares. The existing equity shares of Rs.10/- each will be sub-divided into ten equity shares of Re.1/- each. The sub-divided paid-up value will also be effective from April 24, 2026 (Reference: DR-617/2026-2027).

Key Points

• String Metaverse Ltd (Scrip Code: 534535) is undertaking a 10:1 stock split
• Record date fixed: April 24, 2026
• Existing share face value: Rs.10/- per share
• New share face value: Re.1/- per share (10 shares issued for every 1 existing share)
• Existing ISIN INE958L01026 (Rs.10/- paid up) will become invalid for exchange transactions on or after April 24, 2026
• A new ISIN for Re.1/- paid-up shares will be communicated via a separate notice
• Applicable segment: Dematerialised Securities – Rolling Settlement Segment

Regulatory Changes

No new regulatory framework introduced. This is a corporate action under existing BSE listing and settlement regulations. The change in ISIN is a procedural requirement following the sub-division.

Compliance Requirements

• Trading members must note the record date and ensure transactions from April 24, 2026 onwards use the new ISIN (to be announced separately)
• Depositories and participants must update ISIN mapping once the new ISIN is notified
• Shareholders holding in demat form will automatically receive sub-divided shares; no action required from them prior to the record date

Important Dates

Impact Assessment

• Market Liquidity: A 10:1 split typically improves share liquidity by reducing the per-share price, making it more accessible to retail investors.
• Price Adjustment: The share price will be adjusted proportionally on the ex-date; traders should update price targets and stop-loss levels accordingly.
• ISIN Transition: There is an operational risk during the ISIN transition period. Trading members must await the new ISIN notice before executing post-record-date trades.
• Index/Portfolio Impact: Portfolios and systems referencing the old ISIN (INE958L01026) must be updated to the new ISIN once announced to avoid settlement failures.