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 for renunciation will be permitted from August 7-12, 2025, while the rights issue itself will remain open from August 7-18, 2025.
Key Points
- Rights Entitlements trading begins August 7, 2025
- 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, trade-for-trade
- Only dematerialized form trading allowed
Regulatory Changes
No new regulatory changes introduced. Standard rights entitlements trading framework applies as per existing notices 20200305-21 and 20200518-34.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE nature
- Clients must be informed that REs only provide right to participate in rights issue
- Warning that unsubscribed/unrenounced REs will lapse after issue closing date
Important Dates
- RE Trading Period: August 7-12, 2025 (Thursday to Tuesday)
- Rights Issue Period: August 7-18, 2025
- Issue Closing Date: August 18, 2025
Impact Assessment
Medium impact for PRAXIS HOME RETAIL LIMITED shareholders who can trade their rights entitlements during the specified period. Standard procedure with established settlement mechanisms reduces operational risk.
Impact Justification
Standard rights entitlements trading announcement affecting specific company shareholders