Description
Trading in Rights Entitlements (REs) for SURAJ INDUSTRIES LIMITED permitted from October 23, 2025 to November 03, 2025, with Rights Issue opening from October 23 to November 07, 2025.
Summary
BSE announces the commencement of trading in Rights Entitlements (REs) for SURAJ INDUSTRIES LIMITED. Trading members can facilitate renunciation of rights entitlements from October 23, 2025 to November 03, 2025. The underlying Rights Issue will remain open from October 23, 2025 to November 07, 2025. REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable in dematerialized form only.
Key Points
- Rights Entitlements trading permitted for SURAJ INDUSTRIES LIMITED from October 23, 2025
- Scrip Code: 751047, Scrip ID: SURAJ-RE, ISIN: INE170U20029
- Market Lot: 1, Group: R
- Trading period for renunciation: October 23, 2025 to November 03, 2025
- Rights Issue open period: October 23, 2025 to November 07, 2025
- Settlement: T+1 rolling settlement on trade-for-trade basis
- REs tradable in dematerialized form only
- Trading members must inform clients about RE commencement with ISIN details
- Disclaimer required in contract notes explaining RE purchase rights
- Unsubscribed or unrenounced REs will lapse after Issue Closing Date
Regulatory Changes
No regulatory changes introduced. This circular implements existing framework for rights entitlements trading as per previous 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 RE trading
- Must provide ISIN of the RE (INE170U20029) to clients
- Must clarify that REs are not ordinary shares of the company
- Must include prominent disclaimer in contract notes/bills containing RE purchases
- Disclaimer must inform clients that:
- RE purchase only grants right to participate in Rights Issue by making application with requisite money
- REs can be renounced before issue closes
- REs neither subscribed nor renounced will lapse and be extinguished after Issue Closing Date
- Trading members must refer to notice nos. 20200305-21 and 20200518-34 for further details
Important Dates
- Notice Date: October 17, 2025
- RE Trading Start Date: October 23, 2025 (Thursday)
- RE Trading End Date: November 03, 2025 (Monday)
- Rights Issue Opening Date: October 23, 2025
- Rights Issue Closing Date: November 07, 2025
Impact Assessment
Market Impact: Medium - Affects existing shareholders of SURAJ INDUSTRIES LIMITED who can trade their rights entitlements during the specified period. The trade-for-trade settlement and dematerialized-only trading requirements ensure transparency and proper settlement.
Operational Impact: Trading members need to update their systems and client communication processes to handle RE trading for this specific security. The T+1 settlement cycle requires operational readiness for quick turnaround.
Investor Impact: Shareholders have the opportunity to monetize their rights through renunciation if they choose not to participate in the rights issue. Clear communication requirements protect investors from confusion between REs and ordinary shares.
Impact Justification
Standard rights entitlements trading notification for a single company with specific trading and settlement procedures that affect shareholders and trading members