Description
BSE permits trading in Rights Entitlements (REs) for JOSTS ENGINEERING from August 29 to September 3, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of JOSTS ENGINEERING COMPANY LIMITED. Trading will be permitted from August 29, 2025 to September 3, 2025, with the underlying Rights Issue opening from August 29 to September 9, 2025.
Key Points
- Rights Entitlements trading period: August 29 - September 3, 2025
- Rights Issue period: August 29 - September 9, 2025
- Scrip Code: 751027, Scrip ID: JOSTS-RE
- ISIN: INE636D20017
- Market Lot: 1, Group: R
- Trading only in dematerialized form
- T+1 Rolling Settlement on trade-for-trade basis
Regulatory Changes
No new regulatory changes introduced. This follows existing framework for Rights Entitlements trading as per previous notices from March 5, 2020 and May 18, 2020.
Compliance Requirements
- Trading members must inform all clients about RE trading commencement
- Contract notes must include prominent disclaimer about RE purchase rights
- Members must clarify that REs are not ordinary shares
- Clients must be informed that unused REs will lapse after Issue Closing Date
Important Dates
- RE Trading Start: August 29, 2025
- RE Trading End: September 3, 2025
- Rights Issue Opens: August 29, 2025
- Rights Issue Closes: September 9, 2025
Impact Assessment
Medium impact on JOSTS ENGINEERING shareholders who can trade their rights entitlements during the specified period. Provides liquidity for rights holders who may not wish to subscribe to the issue directly.
Impact Justification
Rights entitlement trading affects shareholders and potential investors in JOSTS ENGINEERING