Description
BSE announces trading of Rights Entitlements (REs) for renunciation of TIMES GREEN ENERGY (INDIA) LIMITED from November 07-12, 2025, with Rights Issue opening November 07-17, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of TIMES GREEN ENERGY (INDIA) LIMITED. Trading will be permitted from November 07, 2025 to November 12, 2025, while the Rights Issue itself will remain open from November 07 to November 17, 2025. The REs will trade under scrip code 751054 with ISIN INE0B6120012 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 permitted for TIMES GREEN ENERGY (INDIA) LIMITED
- Scrip Code: 751054, Scrip ID: TIMES-RE, ISIN: INE0B6120012
- Market Lot: 1, Group: R
- REs tradable only in dematerialized form
- Settlement on T+1 Rolling Settlement basis
- Trades settled on trade-for-trade basis
- 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 introduced. This circular follows existing framework for Rights Entitlements trading as per notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading members must inform all clients about commencement of REs trading
- Must clearly mention the ISIN of the RE to avoid confusion with ordinary shares
- Must include prominent disclaimer in contract notes/bills for REs purchases stating:
- Purchase of REs only grants right to participate in ongoing Rights Issue by making application with requisite money OR renounce REs before issue closes
- REs neither subscribed nor renounced before Issue Closing Date will lapse and be extinguished
- Trading members must refer to previous notices (20200305-21 and 20200518-34) for detailed procedures
Important Dates
- November 06, 2025: Notice date
- November 07, 2025: REs trading for renunciation begins; Rights Issue opens
- November 07-12, 2025: Trading period for renunciation of REs
- November 12, 2025: Last day for REs trading/renunciation
- November 17, 2025: Rights Issue closes
- After November 17, 2025: Unsubscribed/unrenounced REs will lapse and be extinguished
Impact Assessment
Market Impact: Medium - This circular enables existing shareholders to trade their rights entitlements during a 6-day window, providing liquidity and flexibility. The short renunciation period requires prompt action from shareholders.
Operational Impact: Trading members must ensure proper client communication and include mandatory disclaimers in contract notes. The T+1 settlement and trade-for-trade basis requires operational readiness.
Investor Impact: Shareholders have the option to either subscribe to the rights issue, renounce and trade their REs in the market (Nov 7-12), or allow them to lapse. Critical that investors understand REs are distinct from ordinary shares and require action before November 17, 2025 to avoid forfeiture.
Impact Justification
Standard rights entitlements trading notice affecting shareholders of TIMES GREEN ENERGY, enabling renunciation of rights during specified period with clear operational guidelines for trading members.