Intimation of new ISIN after sub-division of face value of shares from Rs. 10/- to Re. 1/-
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Space Incubatrics Technologies Ltd has informed BSE that NSDL and CDSL have allotted a new ISIN (INE797Z01028) for its equity shares following the sub-division (split) of face value from Rs. 10 per share to Re. 1 per share. This is a 10:1 stock split, meaning each existing share is divided into 10 shares of Re. 1 face value. The new ISIN replaces the old one for all trading and settlement purposes. Shareholders do not need to take any action — their holdings will be automatically adjusted.
The stock split increases the number of shares outstanding by 10x while proportionally reducing the price per share, making the stock more affordable for retail investors. It does not change the company's overall market value or any shareholder's total investment value.