Description

BSE announces trading in Rights Entitlements (REs) for renunciation of DEEP DIAMOND INDIA LIMITED from September 09, 2025 to September 15, 2025.

Summary

BSE has permitted trading in Rights Entitlements (REs) for renunciation of DEEP DIAMOND INDIA LIMITED on the exchange. The Rights Entitlements will be tradable from Tuesday, September 09, 2025 to Monday, September 15, 2025. The underlying Rights Issue will open on September 09, 2025 and close on September 19, 2025. Trading will be conducted on T+1 rolling settlement basis with trade-for-trade settlement, and REs must be in dematerialized form only.

Key Points

  • Rights Entitlements (REs) trading permitted for DEEP DIAMOND INDIA LIMITED
  • Trading period for renunciation: September 09, 2025 to September 15, 2025
  • Scrip Code: 751032
  • Scrip ID: DEEP-RE
  • ISIN: INE005G20018
  • Market Lot: 1
  • Group: R
  • Settlement basis: T+1 Rolling Settlement
  • Trade settlement: Trade-for-trade basis
  • Form: Dematerialized form only
  • Rights Issue period: September 09, 2025 to September 19, 2025

Regulatory Changes

No regulatory changes. This circular implements existing rights issue framework for DEEP DIAMOND INDIA LIMITED.

Compliance Requirements

For Trading Members:

  • Inform all clients about commencement of trading in REs
  • Mention the ISIN of the RE (INE005G20018) to clients
  • Ensure clients understand REs are not ordinary shares of the company
  • Include prominent disclaimer in contract notes/bills containing purchase of REs
  • Disclaimer must inform clients that purchasing REs only gives right to participate in ongoing Rights Issue by making application with requisite money or renouncing REs before issue closes
  • Inform clients that REs neither subscribed with application money nor renounced on or before Issue Closing Date shall lapse and be extinguished
  • Refer to notice 20200305-21 dated March 05, 2020 and notice 20200518-34 dated May 18, 2020 for further details

For Investors:

  • REs must be in dematerialized form for trading
  • Investors must either subscribe to rights issue with application money or renounce REs before issue closing date
  • Unsubscribed and unrenounced REs will lapse after September 19, 2025

Important Dates

  • September 05, 2025: Circular issued
  • September 09, 2025: Rights Entitlements trading commences; Rights Issue opens
  • September 15, 2025: Rights Entitlements trading for renunciation ends
  • September 19, 2025: Rights Issue closes; deadline for subscription or renunciation

Impact Assessment

Market Impact:

  • Company-specific impact limited to DEEP DIAMOND INDIA LIMITED shareholders
  • Provides liquidity window for rights entitlement holders to renounce their rights
  • Six trading days available for renunciation (September 09-15, 2025)

Operational Impact:

  • Trading members must update systems for separate scrip code (751032) and ISIN (INE005G20018)
  • Trade-for-trade settlement requires specific handling
  • T+1 settlement cycle applicable
  • Contract notes must include mandatory disclaimers

Investor Impact:

  • Shareholders have option to renounce rights through market trading
  • Limited window (6 days) for renunciation trading versus 11 days for rights issue subscription
  • REs that are not acted upon will lapse after issue closing date

Impact Justification

Company-specific rights issue affecting DEEP DIAMOND INDIA LIMITED shareholders. Medium impact as it enables rights renunciation trading for specific period with specific settlement requirements.