Description

Times Green Energy (India) Limited announces rights issue with record date October 31, 2025, offering 27 equity shares for every 40 shares held at Rs. 80 per share.

Summary

Times Green Energy (India) Limited (BSE Code: 543310) has announced a rights issue with a record date of October 31, 2025. The company will issue 27 equity shares of Rs. 10 each at a premium of Rs. 70 per share (total issue price Rs. 80) for every 40 equity shares held. Trading on ex-rights basis will commence from October 31, 2025 (Settlement No. DR-747/2025-2026).

Key Points

  • Company: Times Green Energy (India) Limited (BSE Code: 543310)
  • Rights ratio: 27 new equity shares for every 40 existing shares held
  • Face value: Rs. 10 per equity share
  • Premium: Rs. 70 per share
  • Issue price: Rs. 80 per share (payable in full on application)
  • Record date: October 31, 2025
  • Ex-rights trading commences: October 31, 2025
  • Settlement number: DR-747/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must execute all transactions in Times Green Energy equity shares on ex-rights basis from October 31, 2025
  • Eligible shareholders must pay full issue price of Rs. 80 per equity share at the time of application
  • Only shareholders on record as of October 31, 2025 will be eligible to participate in the rights issue

Important Dates

  • October 28, 2025: Notice date
  • October 31, 2025: Record date for determining eligible shareholders
  • October 31, 2025: Ex-rights trading begins (Settlement No. DR-747/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders as of the record date will have the opportunity to subscribe to additional shares at Rs. 80 per share, maintaining their proportional ownership. Non-participation will result in ownership dilution.

Trading Impact: Shares will trade ex-rights from October 31, 2025, likely resulting in price adjustment to reflect the rights entitlement separation. Market participants must account for this in their trading strategies.

Liquidity Impact: Medium impact as the rights issue provides existing shareholders an opportunity to increase their stake, potentially affecting share liquidity depending on subscription levels.

Impact Justification

Standard rights issue announcement affecting existing shareholders of Times Green Energy, requiring action from eligible shareholders before record date