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NCL sets early pay-in rules for Krishana Phoschem's face value split

Members must use old ISIN for early pay-in on July 3 and 6, 2026, ahead of the sub-division from Rs 10 to Rs 2 per share.

01 Jul 2026 Effective July 3, 2026 Affects: Clearing members, custodians, and PCMs handling KRISHANA.

What changed

NCL instructed early pay-in process for KRISHANA's face value split (Rs10 to Rs2).
Early pay-in on July 3 and 6 must use old ISIN (INE506W01012).
After record date (July 3), pay-in to use new ISIN.

The read

This is a procedural circular. NCL is laying out the early pay-in steps for Krishana Phoschem's face value split — Rs10 to Rs2 per share, record date July 3, 2026. Members must deposit securities in the old ISIN for trades settling on or around the ex-date, without adjusting quantities for the split ratio. Custodians using pool accounts need accurate client-wise allocation files; those using block mechanism must not upload allocation files. Post record date, new ISIN applies. Miss the ISIN switch and there could be settlement mismatches. Routine, but get it wrong and trades fail.

Krishana Phoschem Limited (KRISHANA)INE506W01012July 3, 2026

Primary source: official circular (PDF)