Description
Trading in Rights Entitlements (REs) for renunciation of MANGALAM INDUSTRIAL FINANCE LIMITED will commence on the Exchange from October 27, 2025 to October 31, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of MANGALAM INDUSTRIAL FINANCE LIMITED will be permitted on the Exchange from Monday, October 27, 2025 to Friday, October 31, 2025. The Rights Issue will open on October 27, 2025 and close on November 07, 2025. Rights Entitlements will be settled on T+1 Rolling Settlement basis on a trade-for-trade basis and will be tradable in dematerialized form only.
Key Points
- Rights Entitlements trading period: October 27, 2025 to October 31, 2025
- Rights Issue period: October 27, 2025 to November 07, 2025
- Scrip Code: 751048
- Scrip ID: MANGIN-RE
- ISIN: INE717C20025
- Market Lot: 1
- Group: R
- Settlement: T+1 Rolling Settlement basis, trade-for-trade
- Trading form: Dematerialized only
Regulatory Changes
No regulatory changes introduced. This is a standard rights entitlements trading notification following existing framework established in notices dated March 05, 2020 (20200305-21) and May 18, 2020 (20200518-34).
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of trading in REs with the ISIN number
- Ensure clients do not mistake REs for ordinary shares of the company
- Include prominent disclaimer in contract notes/bills containing purchase of REs
- Disclaimer must inform clients that purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite money or renounce the REs before issue closes
- Advise clients that unsubscribed or unrenounced REs will lapse and be extinguished after the Issue Closing Date
- 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 17, 2025: Notice Date
- October 27, 2025: Rights Entitlements trading commences; Rights Issue opens
- October 31, 2025: Rights Entitlements trading for renunciation closes
- November 07, 2025: Rights Issue closes
- Settlement: T+1 basis for all trades
Impact Assessment
Market Impact: Medium - Affects existing shareholders of MANGALAM INDUSTRIAL FINANCE LIMITED who hold rights entitlements and wish to either exercise or renounce them during the specified trading window.
Operational Impact: Trading members must ensure proper communication to clients regarding the nature of REs, settlement process, and deadlines. The short trading window (5 days) for renunciation requires timely action from shareholders who wish to trade their entitlements.
Investor Impact: Shareholders must decide by October 31, 2025 whether to renounce their rights entitlements. Any REs not subscribed or renounced by November 07, 2025 will lapse and become void.
Impact Justification
Standard rights entitlements trading notification affecting shareholders of MANGALAM INDUSTRIAL FINANCE LIMITED who wish to participate or renounce their rights during the specified trading period