Description
BSE announces commencement of Rights Entitlements (REs) trading for JOSTS Engineering Company Limited from August 29, 2025 to September 03, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of JOSTS Engineering Company Limited. The REs will be available for trading from Friday, August 29, 2025 to Wednesday, September 03, 2025, with the Rights Issue opening from August 29, 2025 to September 09, 2025.
Key Points
- Rights Entitlements trading permitted for JOSTS Engineering Company Limited
- Trading period: August 29, 2025 to September 03, 2025
- Scrip Code: 751027, Scrip ID: JOSTS-RE
- ISIN: INE636D20017
- Market Lot: 1, Group: R
- Settlement on T+1 Rolling Settlement basis
- Trade-for-trade settlement
- Tradable in dematerialized form only
Regulatory Changes
No new regulatory changes introduced. Standard Rights Entitlements trading framework applied.
Compliance Requirements
- Trading members must inform clients about REs trading commencement
- Must mention ISIN of REs and clarify they are not ordinary shares
- Contract notes must include disclaimer about REs purchase rights
- Must inform clients that REs give right to participate in Rights Issue or renounce before issue closes
- Warn clients that unsubscribed/unrenounced REs will lapse after Issue Closing Date
Important Dates
- REs Trading Period: August 29, 2025 to September 03, 2025
- Rights Issue Period: August 29, 2025 to September 09, 2025
- Issue Closing Date: September 09, 2025
Impact Assessment
Medium impact limited to JOSTS Engineering Company shareholders and trading members. Provides liquidity option for rights holders during the rights issue period. Standard operational impact on trading systems and member compliance procedures.
Impact Justification
Company-specific rights entitlements trading with defined trading period and settlement requirements