Description
BSE announces trading in Rights Entitlements (REs) for renunciation of SCOOBEE DAY GARMENTS starting September 12, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of SCOOBEE DAY GARMENTS (INDIA) LIMITED will commence on September 12, 2025. The REs will be tradable in dematerialized form only and settled on T+1 rolling settlement basis with trade-for-trade settlement.
Key Points
- Rights Entitlements trading permitted from September 12, 2025 to September 16, 2025
- Scrip Code: 751033, Scrip ID: SCOOBEE-RE, ISIN: INE962E20015
- Market lot size: 1, Group: R
- Settlement on T+1 rolling settlement basis with trade-for-trade settlement
- REs tradable in dematerialized form only
- Rights Issue opens September 12, 2025 to September 19, 2025
Regulatory Changes
No new regulatory changes introduced. Circular references existing notices 20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020 for procedural guidelines.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Contract notes must include disclaimer that REs are not ordinary shares
- Disclaimer must explain that REs only provide right to participate in rights issue or renounce before issue closes
- Warning that unsubscribed and unrenounced REs will lapse after issue closing date
Important Dates
- September 12, 2025: Rights Entitlements trading begins, Rights Issue opens
- September 16, 2025: Rights Entitlements trading for renunciation ends
- September 19, 2025: Rights Issue closes
Impact Assessment
Medium impact limited to SCOOBEE shareholders and traders. Provides liquidity mechanism for rights entitlements through organized trading platform. Affects investment decisions of existing shareholders who can now trade their rights instead of only subscribing or letting them lapse.
Impact Justification
Enables trading of rights entitlements for specific company, affecting shareholders and traders of SCOOBEE stock