Description

Trading in Rights Entitlements (REs) for renunciation of U. H. ZAVERI LIMITED permitted on BSE from October 30, 2025 to November 04, 2025.

Summary

BSE has announced that Rights Entitlements (REs) for renunciation of U. H. ZAVERI LIMITED will be available for trading on the Exchange from October 30, 2025 to November 04, 2025. The Rights Issue itself will be open from October 30, 2025 to November 10, 2025. Trading will occur on a T+1 rolling settlement basis on a trade-for-trade basis, with REs tradable only in dematerialized form.

Key Points

  • Rights Entitlements trading permitted for U. H. ZAVERI LIMITED
  • Scrip Code: 751051, Scrip ID: UHZAVE-RE
  • ISIN: INE556Z20010
  • Market Lot: 1, Group: R
  • Settlement on T+1 rolling settlement basis
  • Trade-for-trade settlement only
  • REs tradable in dematerialized form only
  • Trading members must inform clients that REs are not ordinary shares
  • Disclaimer required in contract notes for RE purchases
  • Unsubscribed or unrenounced REs will lapse after issue closing date

Regulatory Changes

No new regulatory changes. Trading members are requested to refer to previous notices:

  • Notice no. 20200305-21 dated March 05, 2020
  • Notice no. 20200518-34 dated May 18, 2020

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs with the specific ISIN (INE556Z20010)
  • Trading members must clarify that REs are not ordinary shares of the company
  • Contract notes/bills containing RE purchases must prominently include a disclaimer stating:
    • Purchase of REs only gives right to participate in ongoing Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished

Important Dates

  • Notice Date: October 28, 2025
  • RE Trading Period: October 30, 2025 (Thursday) to November 04, 2025 (Tuesday)
  • Rights Issue Period: October 30, 2025 to November 10, 2025
  • Settlement: T+1 basis

Impact Assessment

This circular has medium impact on existing shareholders of U. H. ZAVERI LIMITED who wish to trade their rights entitlements. The short trading window (5 days) requires prompt action from investors who want to renounce their rights. The trade-for-trade settlement and dematerialized form requirement ensure transparent and secure transactions. Trading members need to ensure proper client communication to avoid confusion between REs and ordinary shares, and to prevent inadvertent lapsing of valuable rights.

Impact Justification

Facilitates trading of rights entitlements for existing shareholders with specific trading window and settlement requirements