Description

Trading in Rights Entitlements (REs) for renunciation of Mangalam Industrial Finance Limited permitted 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 from October 27, 2025 to October 31, 2025. The Rights Issue opens on October 27, 2025 and closes on November 07, 2025. REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis in dematerialized form only.

Key Points

  • Rights Entitlements trading period: October 27, 2025 to October 31, 2025
  • Scrip Code: 751048, Scrip ID: MANGIN-RE, ISIN: INE717C20025
  • Market Lot: 1, Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • Trading only in dematerialized form
  • REs give holders the right to participate in the Rights Issue or renounce before issue closes
  • Unsubscribed or unrenounced REs will lapse after Issue Closing Date

Regulatory Changes

No new regulatory changes. Trading members are requested to refer to previous notices (20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020) for further details on RE trading procedures.

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs, mentioning the ISIN and clarifying these are not ordinary shares
  • Contract notes/bills for RE purchases must include a prominent disclaimer informing clients that:
    • Purchase of REs only provides the right to participate in the Rights Issue with requisite application money OR renounce the REs before issue closes
    • REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
  • Trades must be settled on trade-for-trade basis
  • REs must be traded in dematerialized form only

Important Dates

  • October 17, 2025: Notice date
  • October 27, 2025: Rights Entitlements trading begins; Rights Issue opens
  • October 31, 2025: Rights Entitlements trading ends
  • November 07, 2025: Rights Issue closes

Impact Assessment

This circular has medium impact, affecting shareholders and traders of Mangalam Industrial Finance Limited. The five-day renunciation trading window provides liquidity for shareholders who do not wish to subscribe to the rights issue. The T+1 settlement and trade-for-trade basis ensures efficient settlement while maintaining transparency. Unexercised REs will lapse after the issue closing date, requiring timely action from holders.

Impact Justification

Enables trading of rights entitlements for specific company shareholders during a limited window; impacts only MANGIN shareholders and traders