Description
Trading in Rights Entitlements (REs) for renunciation of SURAJ INDUSTRIES LIMITED commences from October 23, 2025 to November 03, 2025.
Summary
BSE announces that dealings in Rights Entitlements (REs) for renunciation of SURAJ INDUSTRIES LIMITED will be permitted on the Exchange from October 23, 2025. The Rights Entitlements will trade under scrip code 751047 with ISIN INE170U20029, and will be settled on T+1 rolling settlement basis on a trade-for-trade basis in dematerialized form only.
Key Points
- Rights Entitlements trading commences Thursday, October 23, 2025
- Trading period for renunciation: October 23, 2025 to November 03, 2025
- Rights Issue opens October 23, 2025 and closes November 07, 2025
- Scrip Code: 751047, Scrip ID: SURAJ-RE
- ISIN: INE170U20029
- Market Lot: 1, Group: R
- Settlement: T+1 rolling settlement basis
- Trading basis: Trade-for-trade
- Form: Dematerialized only
- REs not subscribed or renounced before issue closing date will lapse and be extinguished
Regulatory Changes
No regulatory changes. This is a standard notification for Rights Entitlements trading commencement.
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of trading in REs
- Clearly mention the ISIN of the RE to clients
- Ensure clients do not mistake REs for ordinary shares
- Include prominent disclaimer in contract notes/bills containing purchase of REs
- Disclaimer must inform clients that:
- Purchase of REs only gives right to participate in ongoing Rights Issue
- Participation requires application with requisite application money or renunciation of REs before issue closes
- REs neither subscribed nor renounced on or before Issue Closing Date shall lapse
- 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 23, 2025: Rights Entitlements trading commences; Rights Issue opens
- October 23 - November 03, 2025: Trading period for renunciation of Rights Entitlements
- November 07, 2025: Rights Issue closes
- After November 07, 2025: Unsubscribed/unrenounced REs will lapse and be extinguished
Impact Assessment
Market Impact: Medium - affects shareholders and potential investors of SURAJ INDUSTRIES LIMITED who wish to trade or renounce their Rights Entitlements during the specified period.
Operational Impact: Trading members must ensure proper communication with clients regarding the nature of REs, include mandatory disclaimers in contract notes, and process trades on trade-for-trade basis with T+1 settlement. The dematerialized-only requirement streamlines processing but requires clients to have demat accounts for participation.
Impact Justification
Announces trading of Rights Entitlements for a specific company with defined trading period. Important for shareholders and investors interested in the rights issue but limited to single company impact.