Description
BSE announces trading in 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 in REs for renunciation will be permitted from August 7-12, 2025, while the Rights Issue will be open from August 7-18, 2025.
Key Points
- Company: PRAXIS HOME RETAIL LIMITED
- Security Type: Rights Entitlements (REs)
- Scrip Code: 751023
- Scrip ID: PRAXIS-RE2
- ISIN: INE546Y20030
- Market Lot: 1
- Group: R
- Settlement: T+1 Rolling Settlement basis
- Trading: Trade-for-trade basis
- Form: Dematerialized form only
Regulatory Changes
No new regulatory changes introduced. This follows existing BSE procedures for rights entitlements trading as per notices dated March 5, 2020 (20200305-21) and May 18, 2020 (20200518-34).
Compliance Requirements
- Trading members must inform all clients about REs trading commencement
- Contract notes must include prominent disclaimer about REs purchase rights
- Trading members must clarify that REs are not ordinary shares
- Clients must be informed that REs provide right to participate in Rights Issue or renounce before closure
- Warning that unsubscribed and unrenounced REs will lapse after Issue Closing Date
Important Dates
- REs Trading Period: August 7, 2025 to August 12, 2025
- Rights Issue Period: August 7, 2025 to August 18, 2025
- Settlement: T+1 basis
Impact Assessment
Medium impact limited to PRAXIS HOME RETAIL LIMITED shareholders and trading members. Provides liquidity option for rights holders through renunciation mechanism. Standard rights issue procedure with established settlement and trading frameworks.
Impact Justification
Affects specific company shareholders and trading members dealing with rights entitlements