Description
Trading of Rights Entitlements (REs) for renunciation of SURAJ INDUSTRIES LIMITED permitted on BSE from October 23, 2025 to November 03, 2025.
Summary
BSE has announced that Rights Entitlements (REs) for renunciation of SURAJ INDUSTRIES LIMITED will be available for trading from Thursday, October 23, 2025 to Monday, November 03, 2025. The Rights Issue opens on October 23, 2025 and closes on November 07, 2025. Trading will be conducted on T+1 rolling settlement basis in dematerialized form only on a trade-for-trade basis.
Key Points
- Rights Entitlements trading period: October 23, 2025 to November 03, 2025
- Scrip Code: 751047, Scrip ID: SURAJ-RE
- ISIN: INE170U20029
- Market Lot: 1, Group: R
- Settlement: T+1 rolling settlement, trade-for-trade basis
- Trading only in dematerialized form
- Rights Issue opens: October 23, 2025 and closes: November 07, 2025
- REs that are neither subscribed nor renounced before issue closing date will lapse and be extinguished
Regulatory Changes
No new regulatory changes introduced. This circular follows existing framework for Rights Entitlements trading as outlined in 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 commencement of trading in REs with proper ISIN disclosure
- Trading Members must ensure clients understand REs are distinct from ordinary shares
- Contract notes/bills must include prominent disclaimer stating:
- Purchase of REs only grants right to participate in ongoing Rights Issue by submitting application with requisite money OR renounce REs before issue closes
- REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
- Trading Members must refer to notice no-20200305-21 dated March 05, 2020 and notice no-20200518-34 dated May 18, 2020 for additional details
Important Dates
- October 17, 2025: Notice date
- October 23, 2025: Rights Entitlements trading commences / Rights Issue opens
- November 03, 2025: Rights Entitlements trading ends
- November 07, 2025: Rights Issue closes / Last date to subscribe or renounce REs
Impact Assessment
Market Impact: Medium - affects existing shareholders of SURAJ INDUSTRIES LIMITED who hold rights entitlements.
Operational Impact: Trading members need to ensure proper client communication and compliance with disclaimer requirements in contract notes. Clients must be educated about the distinction between REs and ordinary shares.
Investor Impact: Shareholders must make timely decisions within the 12-day trading window (October 23 - November 03) to either trade their REs or hold them for subscription. Failure to act by November 07, 2025 will result in lapse of entitlements.
Impact Justification
Rights entitlements trading affects shareholders of SURAJ INDUSTRIES LIMITED who need to decide on participation or renunciation within specified trading period