Description
BSE announces trading commencement for Rights Entitlements (REs) 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, effective from August 14, 2025 to August 25, 2025. The Rights Issue will be open from August 14 to August 29, 2025.
Key Points
- Rights Entitlements trading period: August 14-25, 2025
- Rights Issue period: August 14-29, 2025
- Scrip Code: 751024, Scrip ID: DAVAN-RE1
- ISIN: INE179G20029
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement basis on trade-for-trade
- Trading only in dematerialized form
Regulatory Changes
No new regulatory changes introduced. Standard BSE procedures for Rights Entitlements trading apply as per existing notices.
Compliance Requirements
- Trading members must inform all clients about REs trading commencement
- Contract notes must include prominent disclaimer about REs purchase rights
- Clients must be informed that REs only provide right to participate in Rights Issue or renounce before closure
- Trading members must reference existing notices (20200305-21 and 20200518-34) for detailed procedures
Important Dates
- August 14, 2025: Rights Entitlements trading begins, Rights Issue opens
- August 25, 2025: Rights Entitlements trading ends
- August 29, 2025: Rights Issue closes
- REs not subscribed or renounced by issue closing date will lapse and be extinguished
Impact Assessment
Medium impact on Davangere Sugar Company shareholders who can trade their rights entitlements or participate in the rights issue. Market participants need to understand the distinction between REs and ordinary shares to avoid confusion during the trading period.
Impact Justification
Company-specific rights entitlements trading affects shareholders and market participants of Davangere Sugar Company