Description
BSE permits trading in Rights Entitlements (REs) for renunciation of Lloyds Enterprises Limited from August 25 to September 2, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Lloyds Enterprises Limited. Trading will be permitted from August 25, 2025 to September 2, 2025, with the underlying rights issue opening from August 25 to September 8, 2025.
Key Points
- Rights Entitlements trading period: August 25 - September 2, 2025
- Rights Issue period: August 25 - September 8, 2025
- Scrip Code: 751026, Scrip ID: LLOYDSE-RE
- ISIN: INE080I20017
- Settlement on T+1 Rolling Settlement basis
- Trading only in dematerialized form
- Trade-for-trade settlement basis
Regulatory Changes
No new regulatory changes introduced. Standard rights entitlements trading framework applies as per existing BSE notices from March 2020 and May 2020.
Compliance Requirements
- Trading members must inform clients about REs trading commencement
- Contract notes must include prominent disclaimer explaining REs purchase rights
- Members must clarify that REs are not ordinary shares
- Clients must be informed about subscription/renunciation requirements
- Reference to previous notices 20200305-21 and 20200518-34 for detailed procedures
Important Dates
- August 25, 2025: Rights Issue opens, REs trading begins
- September 2, 2025: REs trading for renunciation ends
- September 8, 2025: Rights Issue closes
- Issue Closing Date: Unsubscribed/unrenounced REs will lapse
Impact Assessment
Medium impact limited to Lloyds Enterprises Limited shareholders and trading members. Provides liquidity mechanism for rights holders who wish to exit before exercising rights. Standard procedure with established settlement mechanisms ensures minimal operational disruption.
Impact Justification
Standard rights issue procedure affecting specific company shareholders with defined trading period