Description

Trading of Rights Entitlements (REs) for MANGALAM INDUSTRIAL FINANCE LIMITED will commence from October 27, 2025 to October 31, 2025, with the Rights Issue open from October 27, 2025 to November 07, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for MANGALAM INDUSTRIAL FINANCE LIMITED. The REs will be available for renunciation trading from October 27, 2025 to October 31, 2025. The underlying Rights Issue will be open from October 27, 2025 to November 07, 2025. The REs 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

  • Company: MANGALAM INDUSTRIAL FINANCE LIMITED
  • Scrip Code: 751048
  • Scrip ID: MANGIN-RE
  • ISIN: INE717C20025
  • Market Lot: 1
  • Group: R
  • Security Type: Rights Entitlements (REs)
  • Trading period for renunciation: October 27, 2025 to October 31, 2025
  • Rights Issue period: October 27, 2025 to November 07, 2025
  • Settlement: T+1 Rolling Settlement, trade-for-trade basis
  • Trading form: Dematerialized only

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for rights entitlements trading.

Compliance Requirements

  • Trading Members must inform all clients about the commencement of trading in REs, including the ISIN of the RE
  • Trading Members must clarify to clients that REs should not be mistaken for ordinary shares
  • Contract notes/bills for purchase of REs must include a prominent disclaimer informing clients that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite money, or to renounce the REs before issue closes
    • REs which are neither subscribed nor renounced on or before the Issue Closing Date shall lapse and be extinguished
  • Trading Members should 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 27, 2025: Rights Entitlements trading commences; Rights Issue opens
  • October 31, 2025: Last day for Rights Entitlements trading/renunciation
  • November 07, 2025: Rights Issue closes
  • REs not subscribed or renounced by November 07, 2025 will lapse and be extinguished

Impact Assessment

Market Impact: Medium - This circular affects only shareholders and potential investors of MANGALAM INDUSTRIAL FINANCE LIMITED who wish to trade the rights entitlements during the specified 5-day renunciation period.

Operational Impact: Trading members need to ensure proper client communication and include required disclaimers in contract notes. The trade-for-trade settlement and dematerialized-only requirement necessitates appropriate operational handling.

Investor Impact: Existing shareholders have the opportunity to renounce their rights entitlements in the market if they do not wish to subscribe to the rights issue. Investors purchasing REs can participate in the rights issue by making the requisite application with application money.

Impact Justification

Standard rights entitlement trading notification for a specific company with defined trading period and settlement procedures