Description

Trading in Rights Entitlements (REs) for Capital Trust Limited will commence from October 20, 2025, with the rights issue opening from October 20 to November 11, 2025.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of Capital Trust Limited will be permitted on the Exchange from Monday, October 20, 2025. The rights issue will remain open from October 20, 2025, to November 11, 2025. Rights entitlements will be settled on T+1 rolling settlement basis on a trade-for-trade basis and shall be tradable in dematerialized form only.

Key Points

  • Rights Entitlements trading begins October 20, 2025
  • Renunciation period: October 20, 2025, to November 6, 2025
  • Rights issue open period: October 20, 2025, to November 11, 2025
  • Scrip Code: 751045
  • Scrip ID: CAPTRU-RE1
  • ISIN: INE707C20026
  • Market Lot: 1
  • Group: R
  • Settlement: T+1 rolling settlement on trade-for-trade basis
  • Trading allowed in dematerialized form only
  • REs that are neither subscribed nor renounced will lapse after the issue closing date

Regulatory Changes

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

Compliance Requirements

  • Trading Members must inform all clients about the commencement of trading in REs
  • Trading Members must mention the ISIN of the RE in client communications
  • Trading Members must clarify that REs should not be mistaken for ordinary shares
  • Contract notes/bills containing purchase of REs must include a prominent disclaimer informing clients that:
    • Purchase of REs only gives the right to participate in the ongoing rights issue by making an application with requisite application money or to renounce the REs before the issue closes
    • REs which are neither subscribed nor renounced on or before the issue closing date shall lapse and be extinguished
  • Trading Members should refer to notice no-20200305-21 dated March 05, 2020, and notice no-20200518-34 dated May 18, 2020, for further details

Important Dates

  • October 20, 2025: Rights Entitlements trading commences; Rights Issue opens
  • October 20 - November 6, 2025: Trading period for renunciation of Rights Entitlements
  • November 11, 2025: Rights Issue closes
  • After November 11, 2025: Unsubscribed/unrenounced REs will lapse and be extinguished

Impact Assessment

Market Impact: Medium - Affects shareholders of Capital Trust Limited who hold rights entitlements and wish to either exercise their rights, trade them, or renounce them during the specified period.

Operational Impact: Trading Members must ensure proper client communication, including appropriate disclaimers in contract notes and clear explanation of RE mechanics. The trade-for-trade settlement on T+1 basis requires specific operational handling compared to regular equity trading.

Investor Impact: Shareholders must act within the specified timeframe to either subscribe to the rights issue, trade their entitlements, or renounce them. Failure to act will result in lapse of entitlements after the issue closing date.

Impact Justification

Impacts shareholders of Capital Trust Limited who may wish to trade or renounce their rights entitlements during the specified period