Description

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

Summary

BSE has authorized trading in Rights Entitlements (REs) for ASHNISHA INDUSTRIES LIMITED starting October 14, 2025. Trading members can facilitate renunciation of REs from October 14 to October 28, 2025. The Rights Issue will remain open from October 14, 2025 to November 03, 2025. REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable only in dematerialized form.

Key Points

  • Rights Entitlements trading permitted for ASHNISHA INDUSTRIES LIMITED
  • Scrip Code: 751044, Scrip ID: ASHNI-RE, ISIN: INE694W20016
  • Market Lot: 1, Group: R
  • REs tradable only in dematerialized form
  • Settlement on T+1 rolling settlement basis (trade-for-trade)
  • Unsubscribed and unrenounced REs will lapse after Issue Closing Date
  • Trading members must inform clients with proper disclaimers in contract notes

Regulatory Changes

No new regulatory changes introduced. This circular follows existing framework for Rights Entitlements trading as per 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 REs trading
  • Must clearly mention the ISIN (INE694W20016) of the RE to avoid confusion with ordinary shares
  • Must include prominent disclaimer in contract notes/bills for RE purchases stating:
    • Purchase of REs only provides right to participate in Rights Issue with requisite application money OR renounce REs before issue closes
    • Warning that unsubscribed/unrenounced REs will lapse after Issue Closing Date
  • Must refer to notices 20200305-21 and 20200518-34 for detailed guidelines

Important Dates

  • October 14, 2025: Rights Entitlements trading begins; Rights Issue opens
  • October 28, 2025: Last day for renunciation of Rights Entitlements
  • November 03, 2025: Rights Issue closes; unsubscribed/unrenounced REs will lapse

Impact Assessment

This is a company-specific corporate action with minimal market-wide impact. It affects only existing shareholders of ASHNISHA INDUSTRIES LIMITED who hold Rights Entitlements. The 15-day renunciation window provides adequate time for shareholders to either subscribe to the rights issue or transfer their entitlements. Trading members dealing with this scrip need to ensure proper client communication and compliance with disclosure requirements to avoid confusion between REs and ordinary shares.

Impact Justification

Company-specific rights issue with limited market-wide impact, affects only shareholders of ASHNISHA INDUSTRIES LIMITED