Description

Record date fixed for rights issue offering 8 equity shares for every 13 shares held at Rs. 14 per share, with ex-rights trading effective October 14, 2025.

Summary

BSE has announced that Utkarsh Small Finance Bank Limited (Scrip Code: 543942) has fixed the record date for its rights issue of equity shares. The company is offering 8 equity shares of Rs. 10 each at a premium of Rs. 4 per share (total issue price Rs. 14) for every 13 equity shares held. Trading on ex-rights basis will commence from October 14, 2025.

Key Points

  • Company: Utkarsh Small Finance Bank Limited (Scrip Code: 543942)
  • Rights ratio: 8 equity shares for every 13 equity shares held
  • Face value: Rs. 10 per share
  • Premium: Rs. 4 per share
  • Total issue price: Rs. 14 per share (payable on application)
  • Record date: October 14, 2025
  • Ex-rights date: October 14, 2025
  • Settlement number: DR-735/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must ensure all transactions in equity shares of Utkarsh Small Finance Bank Limited are executed on ex-rights basis from October 14, 2025
  • The entire issue price of Rs. 14 per share must be paid on application
  • Trading members are required to note and implement the ex-rights trading requirements

Important Dates

  • Notice Date: October 9, 2025
  • Record Date: October 14, 2025
  • Ex-Rights Date: October 14, 2025 (Settlement DR-735/2025-2026)

Impact Assessment

Market Impact: Medium - The rights issue will increase the share capital of Utkarsh Small Finance Bank. Existing shareholders will have the opportunity to subscribe to additional shares at Rs. 14 per share. The ex-rights trading from October 14, 2025 will adjust the market price to reflect the rights entitlement.

Shareholder Impact: Existing shareholders as of the record date (October 14, 2025) will be eligible to participate in the rights issue at a ratio of 8:13. The relatively modest premium of Rs. 4 over face value suggests an attractive pricing for rights subscribers.

Operational Impact: Trading members must update their systems to reflect ex-rights trading status from the specified date to ensure proper settlement and entitlement calculation.

Impact Justification

Standard rights issue notification affecting existing shareholders of Utkarsh Small Finance Bank with specific record and ex-rights dates