Description

Announcement of Rights Entitlements (REs) trading for ASHNISHA INDUSTRIES LIMITED, permitting renunciation from October 14, 2025 to October 28, 2025, with Rights Issue opening October 14 to November 03, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for ASHNISHA INDUSTRIES LIMITED, effective Tuesday, October 14, 2025. Shareholders can renounce their rights entitlements during the trading period from October 14 to October 28, 2025. The underlying Rights Issue will remain open from October 14 to November 03, 2025. REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and must be held in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted from October 14, 2025 to October 28, 2025
  • Rights Issue open period: October 14, 2025 to November 03, 2025
  • Scrip Code: 751044, Scrip ID: ASHNI-RE, ISIN: INE694W20016
  • Market Lot: 1, Group: R
  • Settlement basis: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable in dematerialized form only
  • Trading members must inform clients that REs are not ordinary shares
  • Contract notes must include disclaimer explaining RE purchase gives right to participate in Rights Issue or renounce before closure
  • Un-renounced and unsubscribed REs will lapse after Issue Closing Date

Regulatory Changes

No new regulatory changes introduced. This circular implements existing framework for Rights Entitlements trading as per previous notices (20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020).

Compliance Requirements

  • Trading Members must inform all clients about commencement of RE trading with proper ISIN identification
  • Trading Members must distinguish REs from ordinary shares in client communications
  • Contract notes/bills for RE purchases must prominently display disclaimer explaining:
    • Purchase of REs provides right to participate in Rights Issue with requisite application money
    • REs can be renounced before issue closes
    • Un-renounced and unsubscribed REs will lapse after Issue Closing Date
  • Trading Members must refer to notice no. 20200305-21 (March 05, 2020) and notice no. 20200518-34 (May 18, 2020) for complete guidelines

Important Dates

  • October 10, 2025: Notice date
  • October 14, 2025: RE trading commences; Rights Issue opens
  • October 28, 2025: Last date for RE renunciation trading
  • November 03, 2025: Rights Issue closes; unsubscribed/un-renounced REs lapse and extinguish

Impact Assessment

Market Impact: Medium - affects only shareholders of ASHNISHA INDUSTRIES LIMITED who hold rights entitlements. Creates temporary trading window for RE transactions.

Operational Impact: Trading members handling ASHNISHA INDUSTRIES LIMITED securities must ensure proper client communication, contract note disclaimers, and settlement processes for RE transactions during the specified period.

Investor Impact: Shareholders receive opportunity to monetize their rights through renunciation if they do not wish to subscribe to the Rights Issue. Clear timelines enable informed decision-making regarding participation or renunciation.

Impact Justification

Affects shareholders of ASHNISHA INDUSTRIES LIMITED who may participate in rights issue or trade rights entitlements during specified period. Limited to single company with specific trading window.