Physical Share Certificates Invalid After 1:10 Stock Split — Holders Must Claim Shares in Demat
The stock split is done: each ₹10 face value share is now 10 shares of ₹1 each.
- Stock Split Ratio
- 1:10 (each ₹10 face value share becomes 10 shares of ₹1 each)
- Old Face Value
- ₹10 per share
- New Face Value
- ₹1 per share
- Physical Certificate Status
- Invalid for transfer or transmission with immediate effect
- RTA Address
- Bigshare Services Private Limited, Navrangpura, Ahmedabad
What the company said
The sub-division (split) of equity shares from a face value of Rs. 10/- each into shares of Rs. 1/- each has been completed, following the record date fixed for the purpose. Each share of ₹10/- has become 10 shares of ₹1/- each.
Why physical certificates no longer work
Under Regulation 39(2A) of SEBI LODR, securities arising from a corporate action such as a stock split can be issued only in dematerialised form. The company has stated that existing physical share certificates stand invalid with immediate effect and cannot be used for transfer, transmission or other corporate purposes.
Steps for physical shareholders
- Open a demat account with a DP registered with NSDL or CDSL, if you do not have one.
- Obtain the Client Master List / Client Master Report from the DP with seal and signature.
- Fill and sign the Claim Form along with Form ISR-4.
- Attach self-attested PAN, one address proof (Aadhaar, Voter ID, Passport or a utility bill not more than 3 months old), and an original cancelled cheque or bank passbook/statement copy showing name, account number and IFSC.
- Provide Form ISR-2 signature attestation by the bank and Form ISR-1 for PAN/KYC/bank updates, where required.
- Joint holders must sign and give a consent letter; in case of deceased holders, Succession Certificate, Legal Heir Certificate or Transmission Form may apply.
Where to send it
Documents go to the Registrar and Share Transfer Agent, Bigshare Services Private Limited, Navrangpura, Ahmedabad. The company has advised shareholders to contact the RTA for claim status, processing timelines and to confirm current document requirements, as the list is indicative and additional documents may be sought.
How to read this
This is an administrative follow-up to a completed corporate action rather than a business development. It affects only those still holding shares in physical form; investors already holding in demat get the split shares credited through the usual depository process. In the claim form, shareholders declare the post-split shares lying in an escrow account be released to their demat account.
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More numbers
- Pre-split face value per share₹10/- each
- Post-split face value per share₹1/- each
- Shares received for each existing share10 equity shares
- Maximum age of utility bill as address proofnot more than 3 months old
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