Ref: NSCCL/SEC/2002/0816 September 25, 2002

DOWNLOAD REF NO: NSE/CMPT/3628

All Members / Custodians

Dear Sir(s)

Sub: Motherson Sumi Systems Limited (MOTHERSUMI) - Stock Split

 

  1. Motherson Sumi Systems Limited (Symbol: MOTHERSUMI, Series: EQ) has announced a record date on October 30, 2002 for the purpose of ‘Splitting the face value of shares from Rs.10 per share to Rs.5 per share’. Accordingly, the ‘No-delivery period’ has been set up by NSCCL in the Normal Regular Market from October 23, 2002 to October 29, 2002 and the in-delivery settlement no. will be N-2002207. The first demat pay-in after the record date is scheduled for November 05, 2002. Due to the stock split, NSDL shall issue new ISINs corresponding to existing ISINs Motherson Sumi Systems Limited. This shall be effective for all outstanding balances of the security standing on October 30, 2002 in various beneficiary accounts available with NSDL.

  2. As per the procedure of the Clearing Corporation, clearing members can claim margin benefits by making early pay-in of securities as per their securities pay-in obligation in a given settlement. The Clearing Members shall however be having old/existing ISIN of Motherson Sumi Systems Limited to make any early pay-in in Settlement nos. N-2002202 to N- 2002206. In order to enable members to effect early pay-in of securities and avail of benefit in terms of margin and exposure limits, the clearing members may effect the pay-in of securities detailed as under from their pool accounts. Members are further advised to give transfer instructions for making early pay-in of the security in old ISIN after adjusting for the conversion / stock split vis-a-vis the sale obligation position (for every 2 shares of new ISIN deliverable obligation of one share of old/existing ISIN). A copy of the transfer instructions should be faxed to the Margin Section addressed to Mr. Ajit/Balu to claim the benefits of early pay-in (Fax Nos. 6598244).

  3. Please follow the details of account no. and instruction as under, without exception and without making any error.

 

 

CLIENT ID

10000625

  

DPID

IN001002
           
 

CM – BP ID

IN 510389

  

CM NAME

NSCCL
           
 

MARKET TYPE

NORMAL

  

SETTLEMENT NO.

2002207

 

 

 

4. It may please be noted that transfer instructions are to be given in the above account of NSCCL only. Please strictly follow the under-mentioned points:

4.1 Instructions given to any other accounts of NSCCL shall not be processed and shall be treated as non-delivery of securities and dealt accordingly including auction of the same as per laid down procedures.

4.2 It may be noted that any IDO (Irreversible Delivery Out) instruction given in the old ISIN shall be an invalid instruction and shall not be construed for pay-in of the securities.

4.3 In case any member has give IDO inadvertently, such member may get in touch with Mr. Yogesh Kumar / Ms. Debarati Ray - Securities section on phone no.6598268, for necessary assistance.

You may also note that if the instructions given in point 3 above are not followed then as a consequence, such delivery/ obligation shall remain open and result in short delivery and be dealt with accordingly.

 

For National Securities Clearing Corporation Ltd.

 

Dhruvkumar Patil

Manager