Description

BSE announces trading of Rights Entitlements (REs) for TRUSTEDGE CAPITAL LIMITED from October 09, 2025 to October 13, 2025, with the Rights Issue opening from October 09 to October 16, 2025.

Summary

BSE notifies trading members that Rights Entitlements (REs) for renunciation of TRUSTEDGE CAPITAL LIMITED will be permitted for trading from Thursday, October 09, 2025 to Monday, October 13, 2025. The Rights Issue opens on October 09, 2025 and closes on October 16, 2025. Trading will be on T+1 rolling settlement basis, trade-for-trade, and in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted exclusively for renunciation purposes
  • Scrip Code: 751043, Scrip ID: TRUCAP-RE
  • ISIN: INE398H20015
  • Market Lot: 1, Group: R
  • REs tradable in dematerialized form only
  • Settlement on T+1 rolling settlement basis with trade-for-trade mechanism
  • REs neither subscribed nor renounced before Issue Closing Date will lapse and be extinguished

Regulatory Changes

No new regulatory changes. Notice references existing circulars from March 05, 2020 (notice no. 20200305-21) and May 18, 2020 (notice no. 20200518-34) for procedural guidelines.

Compliance Requirements

  • Trading Members must inform all clients about commencement of trading in REs, mentioning the ISIN and clarifying these are not ordinary shares
  • Trading Members must include prominent disclaimer in contract notes/bills for RE purchases stating:
    • Purchase of REs only grants right to participate in Rights Issue or renounce REs before issue closes
    • REs not subscribed or renounced by Issue Closing Date will lapse and be extinguished
  • All trading must be conducted in dematerialized form
  • Settlements must follow T+1 rolling settlement and trade-for-trade basis

Important Dates

  • October 07, 2025: Notice date
  • October 09, 2025: Trading in REs commences; Rights Issue opens
  • October 09-13, 2025: Trading period for renunciation of REs
  • October 16, 2025: Rights Issue closes; deadline for subscription or renunciation

Impact Assessment

Market Impact: Limited to shareholders of TRUSTEDGE CAPITAL LIMITED. The short 5-day trading window (Oct 9-13) for renunciation requires prompt action from investors wishing to trade their rights.

Operational Impact: Trading members must ensure systems are configured for T+1 settlement and trade-for-trade mechanism. Client communication and contract note disclaimers must be implemented before trading commences.

Investor Impact: Existing shareholders receive rights entitlements and must decide within the trading window whether to subscribe, renounce (sell), or allow REs to lapse. Unexercised REs will be extinguished after October 16, 2025, representing potential loss of value.

Impact Justification

Affects shareholders of TRUSTEDGE CAPITAL LIMITED participating in rights issue. Limited to specific company shareholders with short trading window for renunciation.