Description
BSE permits trading of rights entitlements for renunciation of Davangere Sugar Company Limited from August 14-25, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of DAVANGERE SUGAR COMPANY LIMITED. Trading will be permitted from August 14, 2025 to August 25, 2025, with the rights issue opening from August 14 to August 29, 2025.
Key Points
- Rights Entitlements trading permitted for DAVANGERE SUGAR COMPANY LIMITED
- Scrip Code: 751024, Scrip ID: DAVAN-RE1, ISIN: INE179G20029
- Market Lot: 1, Group: R
- T+1 Rolling Settlement basis with trade-for-trade settlement
- Rights Entitlements tradable in dematerialized form only
- Trading members must inform clients about RE trading and include disclaimers in contract notes
Regulatory Changes
No new regulatory changes. Standard rights entitlements trading procedures apply as per existing BSE notices 20200305-21 and 20200518-34.
Compliance Requirements
- Trading members must inform all clients about RE trading commencement
- Contract notes/bills must include prominent disclaimers explaining that RE purchases only provide rights to participate in the rights issue
- Trading members must ensure clients understand REs are not ordinary shares
- Clients must be informed that unsubscribed and non-renounced REs will lapse after issue closing date
Important Dates
- August 14, 2025: Rights Entitlements trading begins, Rights Issue opens
- August 25, 2025: Last day for Rights Entitlements trading
- August 29, 2025: Rights Issue closes
Impact Assessment
Medium impact on DAVANGERE SUGAR COMPANY LIMITED shareholders who can trade their rights entitlements during the specified period. Standard market procedure with established settlement mechanisms. Limited broader market impact as this affects only one specific company’s rights issue participants.
Impact Justification
Standard rights entitlements trading announcement affecting specific company shareholders