Description
BSE permits trading of Rights Entitlements (REs) for Mahindra Logistics Limited from July 31 to August 11, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Mahindra Logistics Limited. Trading will be permitted from July 31, 2025 to August 11, 2025, with the Rights Issue opening from July 31 to August 14, 2025.
Key Points
- Trading period: July 31, 2025 to August 11, 2025
- Scrip Code: 751018, Scrip ID: MAHLOG-RE
- ISIN: INE766P20016
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement basis, trade-for-trade
- Trading only in dematerialized form
Regulatory Changes
No new regulatory changes introduced. Standard rights entitlements trading procedures apply as per existing BSE guidelines.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchases
- Disclaimer must clarify that REs only provide right to participate in rights issue or renounce before closure
- Trading members must reference notices 20200305-21 and 20200518-34 for additional details
Important Dates
- July 31, 2025: Rights Issue opens and RE trading begins
- August 11, 2025: Last day for RE trading/renunciation
- August 14, 2025: Rights Issue closes
- After Issue Closing Date: Unsubscribed/unrenounced REs will lapse and be extinguished
Impact Assessment
Medium impact on Mahindra Logistics shareholders who can trade their rights entitlements during the specified period. Trading members need to ensure proper client communication and compliance with disclaimer requirements. Limited broader market impact as this is company-specific corporate action.
Impact Justification
Standard rights entitlements trading procedure for specific company affecting shareholders and trading members