Description
BSE announces trading of Rights Entitlements (REs) for PRAXIS HOME RETAIL LIMITED from August 7-12, 2025, with Rights Issue opening August 7-18, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for PRAXIS HOME RETAIL LIMITED. Trading will be permitted from August 7-12, 2025, with the Rights Issue opening from August 7-18, 2025.
Key Points
- Company: PRAXIS HOME RETAIL LIMITED
- Scrip Code: 751023
- Scrip ID: PRAXIS-RE2
- ISIN: INE546Y20030
- Market Lot: 1
- Group: R
- Settlement: T+1 Rolling Settlement basis
- Trading basis: Trade-for-trade
- Form: Dematerialized only
Regulatory Changes
No new regulatory changes introduced. Standard rights entitlements trading procedures apply as per existing framework.
Compliance Requirements
- Trading members must inform all clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchases
- Clients must be informed that REs only provide right to participate in Rights Issue
- REs must be clearly distinguished from ordinary shares using correct ISIN
- Reference to previous notices: 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020)
Important Dates
- RE Trading Period: August 7-12, 2025 (Thursday to Tuesday)
- Rights Issue Period: August 7-18, 2025
- Settlement: T+1 basis
- Lapse Date: REs lapse after Issue Closing Date if not subscribed or renounced
Impact Assessment
Medium impact on PRAXIS HOME RETAIL shareholders who need to decide whether to subscribe, renounce, or trade their rights entitlements. Trading members must ensure proper client communication and compliance with disclosure requirements to avoid confusion between REs and ordinary shares.
Impact Justification
Rights entitlements trading affects shareholders and requires specific compliance measures