Kotak Mahindra Bank Completes Equity Share Sub-division: Rs. 5 to Re. 1
Kotak Mahindra Bank completed its equity share sub-division, changing face value from Rs. 5 to Re. 1. Sub-divided shares were credited on January 15, 2026, with January 14, 2026, as the record date. The new ISIN is INE237A01036.
A stock split is a procedural change that does not alter the company's fundamental value or market capitalization, hence the impact is considered low.
The announcement is a routine corporate action regarding share sub-division, with no immediate positive or negative financial implications presented.
Kotak Mahindra Bank Limited announced the successful sub-division of its equity shares. Effective January 15, 2026, the bank has credited sub-divided equity shares of Re. 1 each to the demat accounts of shareholders, replacing their existing equity shares of Rs. 5 each. The record date for this sub-division was January 14, 2026.
The sub-division was approved by the Board of Directors on November 21, 2025, and subsequently received necessary approvals from the Reserve Bank of India and shareholders. The International Securities Identification Number (ISIN) for the sub-divided equity shares is INE237A01036, and these shares have been available for trading on BSE Limited and the National Stock Exchange of India Limited since January 14, 2026.
Following the split, the authorized and issued, subscribed, and paid-up share capital structure has been updated. The authorized capital remains ₹14,000,000,000 for equity shares and ₹5,000,000,000 for preference shares, but the face value per equity share is now Re. 1 instead of Rs. 5. The issued, subscribed, and paid-up equity share capital stands at ₹9,945,492,975, with each share having a face value of Re. 1.
What to do with a filing like this
Kotak Mahindra Bank Limited filed this with the NSE as a statutory disclosure, categorised under stock split. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kotak Mahindra Bank Limited. Read the original for the full detail.