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NSE Clearing issues early pay-in guidance for MIDQ50ADD face-value split

NCL advises to use old ISIN for early pay-in of MIDQ50ADD until July 3 record date, then switch to new ISIN after split from Rs 10 to Re 1.

01 Jul 2026 Effective July 3, 2026 (record/ex-date) Affects: Clearing members, custodians, and PCMs handling MIDQ50ADD settlement; retail investors largely unaffected.

What changed

NCL issued circular on early pay-in (EPI) for MIDQ50ADD due to face value split.
Members must use old ISIN (INF740KA1QL0) for EPI without adjusting split ratio.
Post-record date, pay-in instructions must use new ISIN.

The read

Face value splits are mechanical, but getting the ISIN wrong disrupts settlement. NCL's circular on MIDQ50ADD is a reminder: for early pay-in ahead of the July 3, 2026 record date, members must use the old ISIN (INF740KA1QL0) at the pre-split quantity — 10 shares at Rs 10 become 1 share at Re 1 in EPI terms. Custodians using pool accounts must file accurate client allocation. Miss the switch to the new ISIN post-record-date and trades fail. The instruction itself is routine, but the cost of ignoring it is a failed settlement, which a serious operations desk cannot afford.

DSP Nifty Midcap 150 Quality 50 ETF (MIDQ50ADD)NSE Clearing Limited (NCL)face value split Rs 10 to Re 1

Primary source: official circular (PDF)