Description
BSE announces trading period for Rights Entitlements (REs) of JOSTS ENGINEERING COMPANY LIMITED 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 Friday, August 29, 2025 to Wednesday, September 03, 2025, with the Rights Issue opening from August 29 to September 09, 2025.
Key Points
- Rights Entitlements trading for JOSTS ENGINEERING COMPANY LIMITED (Scrip Code: 751027)
- Trading symbol: JOSTS-RE (ISIN: INE636D20017)
- Market lot size: 1 share
- Settlement on T+1 Rolling Settlement basis
- Trade-for-trade settlement mechanism
- Rights Entitlements tradable in dematerialized form only
- Group R classification
Regulatory Changes
No new regulatory changes introduced. Standard Rights Entitlements trading procedures apply as per existing framework.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Contract notes must include prominent disclaimer about REs
- Disclaimer must clarify that RE purchase only provides right to participate in Rights Issue
- Members must reference notices 20200305-21 and 20200518-34 for additional guidelines
- REs must clearly identify ISIN to avoid confusion with ordinary shares
Important Dates
- RE Trading Period: August 29, 2025 to September 3, 2025
- Rights Issue Period: August 29, 2025 to September 9, 2025
- Issue Closing Date: September 9, 2025 (after which unsubscribed REs will lapse)
Impact Assessment
Medium impact limited to JOSTS ENGINEERING COMPANY LIMITED shareholders and their brokers. The 5-day trading window for Rights Entitlements provides liquidity for shareholders who wish to renounce their rights. Standard rights issue procedures minimize market disruption while ensuring proper disclosure and settlement mechanisms are in place.
Impact Justification
Company-specific rights issue with defined trading period affecting JOSTS shareholders