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NSE Clearing sets early pay-in norms for MWL's 10-to-1 face value split

Clearing members must use the old ISIN for early pay-in before July 10 record date, adjusting quantities for the split ratio.

08 Jul 2026 Effective July 10, 2026 Affects: Clearing members, custodians, and PCMs handling MWL shares around the July 10 record date.

What changed

Early pay-in for MWL shares must use old ISIN (INE0JYY01011) for trades before July 10 record date.
Members must adjust pay-in quantities by the split ratio 10:1 when using the old ISIN.
Post-record date, all pay-in instructions shift to the new ISIN.

The read

NSE Clearing has operationalized its margin exemption framework for Mangalam Worldwide's face value split from ₹10 to Re 1. Members executing early pay-in before the July 10 record date must deposit shares using the old ISIN, with quantities adjusted by the 10:1 split ratio. Custodians using pool accounts must upload accurate client-wise allocation files reflecting actual traded quantities. Post-record date, all instructions must use the new ISIN. The circular is a compliance checklist: a wrong ISIN or quantity mismatch could block settlement or release of margins.

Mangalam Worldwide LimitedMWLJuly 10, 2026

Primary source: official circular (PDF)