Description

Trading in Rights Entitlements for renunciation of U. H. ZAVERI LIMITED permitted from October 30, 2025 to November 04, 2025 with Rights Issue opening October 30 to November 10, 2025.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of U. H. ZAVERI LIMITED will be permitted from Thursday, October 30, 2025 to Tuesday, November 04, 2025. The Rights Issue will be open from October 30, 2025 to November 10, 2025. Rights Entitlements will be tradable in dematerialized form only and settled on T+1 rolling settlement basis on trade-for-trade basis.

Key Points

  • Rights Entitlements trading permitted for U. H. ZAVERI LIMITED
  • Scrip Code: 751051, Scrip ID: UHZAVE-RE
  • ISIN Number: INE556Z20010
  • Market Lot: 1, Group: R
  • REs tradable only in dematerialized form
  • Settlement on T+1 rolling settlement basis
  • Trade-for-trade settlement applicable
  • Trading members must inform clients with disclaimers in contract notes
  • REs neither subscribed nor renounced will lapse after Issue Closing Date

Regulatory Changes

No regulatory changes. This is a standard rights entitlements trading announcement following existing framework outlined in 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 trading in REs
  • Must mention the ISIN of the RE to clients
  • Must clarify that REs should not be mistaken for ordinary shares
  • Must 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 Rights Issue by making application with requisite money or renounce REs before issue closes
  • Must inform clients that unsubscribed/unrenounced REs will lapse after Issue Closing Date
  • Refer to notice numbers 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020) for detailed requirements

Important Dates

  • October 28, 2025: Notice Date
  • October 30, 2025: Rights Entitlements trading commences; Rights Issue opens
  • November 04, 2025: Rights Entitlements trading for renunciation ends
  • November 10, 2025: Rights Issue closes
  • T+1 basis: Settlement cycle for RE trades

Impact Assessment

Market Impact: Medium - Limited to shareholders and traders of U. H. ZAVERI LIMITED. Provides liquidity window for rights entitlements holders who wish to renounce their rights.

Operational Impact: Trading members must ensure compliance with disclosure and client communication requirements. Systems must handle dematerialized REs with proper ISIN identification and T+1 trade-for-trade settlement.

Investor Impact: Shareholders receive opportunity to trade their rights entitlements during the 4-day renunciation window (Oct 30 - Nov 04) or participate in the rights issue until November 10, 2025. Unexercised rights will lapse, potentially causing value loss for inactive shareholders.

Impact Justification

Company-specific rights issue affecting shareholders and traders of U. H. ZAVERI LIMITED with time-bound trading window for rights entitlements