Description
BSE announces trading of Rights Entitlements (REs) for SPANDANA SPHOORTY FINANCIAL LIMITED from August 1-6, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of SPANDANA SPHOORTY FINANCIAL LIMITED from August 1, 2025 to August 6, 2025. The Rights Issue will be open from August 1 to August 11, 2025.
Key Points
- Rights Entitlements trading permitted from Friday, August 1, 2025 to Wednesday, August 6, 2025
- Scrip Code: 751019, Scrip ID: SPAND-RE, ISIN: INE572J20011
- Market Lot: 1, Group: R
- Settlement on T+1 Rolling Settlement basis
- Trade-for-trade settlement
- Tradable in dematerialized form only
Regulatory Changes
No new regulatory changes announced. This follows existing framework for Rights Entitlements trading as per previous notices dated March 5, 2020 and May 18, 2020.
Compliance Requirements
- Trading Members must inform all clients about REs trading commencement
- Must mention ISIN of RE and clarify it’s not ordinary shares
- Must include disclaimer in contract notes/bills for RE purchases
- Disclaimer must inform clients that RE purchase only gives right to participate in Rights Issue or renounce before issue closes
- Must warn that unsubscribed/unrenounced REs will lapse after Issue Closing Date
Important Dates
- REs Trading Period: August 1, 2025 to August 6, 2025
- Rights Issue Period: August 1, 2025 to August 11, 2025
- Settlement: T+1 Rolling Settlement basis
Impact Assessment
Medium impact on SPANDANA SPHOORTY FINANCIAL LIMITED shareholders who can trade their rights entitlements during the specified period. Trading members need to ensure proper client communication and compliance with disclaimer requirements. The trade-for-trade settlement and dematerialized form requirement ensures proper tracking and settlement of transactions.
Impact Justification
Rights entitlements trading affects shareholders and potential investors of SPANDANA SPHOORTY FINANCIAL LIMITED with specific trading period and settlement requirements