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NSE Clearing issues early pay-in rules for MBAPL face value split

With MBAPL splitting from Rs 10 to Rs 2 per share on July 3, NSE Clearing tells members to use old ISIN for early pay-in on that date and new ISIN from July 6.

01 Jul 2026 Effective July 3, 2026 Affects: Members and custodians handling MBAPL trades around its face value split on July 3, 2026.

What changed

NSE Clearing operationalizes early pay-in for MBAPL's 5:1 face value split.
EPI on July 3 must use old ISIN; EPI on July 6 must use new ISIN.
Example: for 10 shares sold, early pay-in old ISIN for 2 shares.

The read

This is a routine operational circular tied to MBAPL's face value split from Rs 10 to Rs 2 per share. NSE Clearing reminds members that early pay-in on the July 3 record/ex-date must use the old ISIN, and quantities must be adjusted for the 5:1 ratio — e.g., selling 10 shares requires depositing only 2 old shares. From July 6, transactions must use the new ISIN. Failing to switch ISINs or adjust quantities could cause settlement mismatches, but for most investors this is a behind-the-scenes procedural update.

Madhya Bharat Agro Products LimitedINE900L01010NSE Clearing Limited

Primary source: official circular (PDF)