Description
Trading in Rights Entitlements for COVANCE SOFTSOL LIMITED commences September 8, 2025, with rights issue opening same date through September 19, 2025.
Summary
BSE announces commencement of trading in Rights Entitlements (REs) for renunciation of COVANCE SOFTSOL LIMITED effective September 8, 2025. The rights issue opens simultaneously and runs through September 19, 2025.
Key Points
- Rights Entitlements trading permitted from September 8-16, 2025
- Rights Issue period: September 8-19, 2025
- Scrip Code: 751030, Scrip ID: COVAN-RE
- ISIN: INE0R8120016
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement basis, trade-for-trade
- Trading only in dematerialized form
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must inform clients about RE trading commencement
- Include ISIN of RE in client communications
- Provide disclaimer in contract notes/bills for RE purchases
- Clarify that REs are not ordinary shares
- Inform clients that REs provide right to participate in rights issue or renounce before closure
- Reference previous notices 20200305-21 and 20200518-34 for additional details
Important Dates
- September 8, 2025: Rights Entitlements trading begins, Rights Issue opens
- September 16, 2025: Last day for Rights Entitlements renunciation trading
- September 19, 2025: Rights Issue closes
- Post-closing: Unsubscribed/unrenounced REs lapse and become extinguished
Impact Assessment
Medium impact for shareholders of COVANCE SOFTSOL LIMITED who need to decide on participation in rights issue or trading their entitlements. Standard corporate action with defined trading and settlement mechanisms.
Impact Justification
Standard rights entitlements trading notification with specific trading period and settlement details