Allotment of New ISIN Pursuant to Subdivision of Equity Shares
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String Metaverse Limited has announced a stock split (sub-division) of its equity shares, reducing the face value from ₹10 per share to ₹1 per share. A new ISIN (INE958L01034) has been allotted for the sub-divided shares. The split takes effect for trades from 24th April 2026 (ex-date). This means every 1 existing share of ₹10 face value will become 10 shares of ₹1 face value, increasing the total number of shares tenfold while the company's total equity capital remains unchanged.
Existing shareholders will hold 10 times more shares at 1/10th the face value, with no change in their total investment value. The split typically aims to improve liquidity and make the stock more affordable for smaller investors.