NewsCorporate ActionsIndia Glycols Limited Completes 1:2 Share Sub-Division, Face Value Halved to Rs. 5India Glycols Limited Completes 1:2 Share Sub-Division, Face Value Halved to Rs. 5
India Glycols Limited (IGL) has executed a 2:1 share sub-division, doubling the number of outstanding shares from 3.09 crore to 6.19 crore while halving their face value from Rs. 10 to Rs. 5. The record date was August 13, 2025, with a new ISIN of INE560A01023. The total share capital remains unchanged at Rs. 30.96 crores. CDSL confirmed the crediting of 45,620,032 new equity shares to 32,482 shareholder records. The company has informed BSE and NSE about the completion of this corporate action.
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India Glycols Limited (IGL) has successfully executed a share sub-division, effectively doubling the number of outstanding shares while halving their face value. This corporate action, aimed at enhancing the stock's liquidity and accessibility, has been completed with the new shares credited to shareholders' accounts.
Key Details of the Share Sub-Division
- Pre-Split: Each equity share had a face value of Rs. 10
- Post-Split: Each original share split into two shares with a face value of Rs. 5 each
- New ISIN: INE560A01023 (replacing the old ISIN INE560A01015)
- Record Date: August 13, 2025
Impact on Share Capital
The share sub-division has resulted in significant changes to IGL's share structure, while maintaining the overall share capital value:
| Capital Type | Pre-Split | Post-Split |
|---|---|---|
| Authorized Share Capital | Rs. 45.00 crores | Rs. 45.00 crores |
| Number of Authorized Shares | 4.50 crore | 9.00 crore |
| Issued, Subscribed, and Paid-up Capital | Rs. 30.96 crores | Rs. 30.96 crores |
| Number of Outstanding Shares | 3.09 crore | 6.19 crore |
Execution and Confirmation
India Glycols Limited has received confirmations from both the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) regarding the successful credit of the sub-divided shares. The corporate action was executed through MCS Share Transfer Agent Limited, the company's Registrar and Transfer Agent.
According to the CDSL confirmation, a total of 45,620,032 new equity shares were credited to 32,482 shareholder records on August 13, 2025. Simultaneously, 23,234,164 shares under the old ISIN were debited.
Regulatory Compliance
In compliance with regulatory requirements, India Glycols Limited has duly informed the BSE Limited and the National Stock Exchange of India Limited about the completion of this corporate action. The company has also updated this information on its official website at www.indiaglycols.com .
This share sub-division is expected to improve the stock's liquidity in the market, potentially making it more accessible to a broader range of investors. However, it's important to note that while the number of shares has increased, the fundamental value of shareholders' holdings remains unchanged.
Historical Stock Returns for India Glycols
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.05% | +2.19% | -6.07% | +53.19% | +36.19% | +471.66% |
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