Description

BSE announces commencement of trading in Rights Entitlements (REs) for ZODIAC VENTURES LIMITED from July 31 to August 8, 2025, with Rights Issue opening July 31 to August 14, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of ZODIAC VENTURES LIMITED. Trading will be permitted from July 31, 2025 to August 8, 2025, with the Rights Issue opening from July 31 to August 14, 2025.

Key Points

  • Rights Entitlements trading permitted from Thursday, July 31, 2025 to Friday, August 8, 2025
  • Scrip Code: 751017, Scrip ID: ZODIAC-RE, ISIN: INE945J20019
  • Market Lot: 1, Group: R
  • Settlement on T+1 Rolling Settlement basis on trade-for-trade basis
  • Rights Entitlements tradable in dematerialized form only
  • Trading members must inform clients with proper disclaimers in contract notes

Regulatory Changes

No new regulatory changes introduced. This circular implements existing rights issue trading framework.

Compliance Requirements

  • Trading members must inform all clients about commencement of REs trading
  • Must mention ISIN of RE and clarify these are not ordinary shares
  • Must include prominent disclaimer in contract notes for RE purchases
  • Must inform clients that REs give right to participate in Rights Issue or renounce before closure
  • Must refer to previous notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020)

Important Dates

  • RE Trading Period: July 31, 2025 to August 8, 2025
  • Rights Issue Period: July 31, 2025 to August 14, 2025
  • Issue Closing Date: August 14, 2025 (after which unsubscribed/unrenounced REs will lapse)

Impact Assessment

Market Impact: Medium - affects existing ZODIAC VENTURES shareholders who can trade their rights entitlements during the specified period.

Operational Impact: Trading members need to ensure proper client communication, disclaimer management, and settlement procedures for dematerialized RE trading on T+1 basis.

Impact Justification

Rights trading affects existing shareholders and provides specific trading window with settlement requirements